“Even in the best-designed systems, almost no one today will earn enough money in their lifetime to not work for 20 or 30 years at the end of their life. This is true no matter who pays for retirement—the individual, their employer, or the government.”

Jamaican Finance Minister Nigel Clarke announced that the Bank of Jamaica will launch a central bank digital currency (CBDC) pilot in 2021 aiming for a full-scale launch in 2022. Make sure to watch the video!

The Digital Dollar Project white paper calls for a tokenized US dollar that will operate alongside existing fiat currency and commercial bank money, and maintain the current two-tiered banking system.

The Bank of Canada is exploring how a central bank digital currency (CBDC) could be designed for universal access. One potential concept it is investigating is a custom universal access device (UAD) to securely store and transfer CBDC.

Today the Bank of Japan began its year of Phase 1 central bank digital currency (CBDC) proof of concept (PoC) work to test basic payment instrument functions such as issuance, distribution, and redemption.

The ECB concluded its digital euro consultation. An initial analysis shows that privacy of payments ranked highest among the requested features (41%), followed by security (17%) and pan-European reach (10%).

The Dutch central bank (DNB) said today that it would like to experiment with a digital currency issued by itself and other European central banks, as the use of cash rapidly diminishes.

Screenshots of what appear to be China’s upcoming digital yuan flooded WeChat today. It appears to be part of a trial being conducted by a half dozen banks, including the Agricultural Bank of China, in Shenzhen, Xiongan, Chengdu, and Suzhou.

This paper discusses the forms and advantages of a DLT-based digital Euro. It analyzes current CBDC projects and explains the intentions behind the respective CBDC projects.

I just updated my central bank digital currency #CBDC ) "explorers" table with new developments out of Russia, Sweden and Trinidad &Tobago.