CBDCs are essentially electronic cash.
Like traditional cash, they would give holders a direct claim on the central bank and allow businesses and individuals to make electronic payments and transfers.
Access to central bank money beyond physical cash has so far been restricted to financial institutions like banks.
Haven t we already been using digital cash?
Using a debit or credit card, or payment app, to purchase coffees or make payments in shops is a form of digital money.
But this is created by commercial banks, based on central bank money credited electronically to their accounts.
The difference is this form of digital cash is not as risk-free as a CBDC.
EMERGING MARKETS-Colombian peso, Peruvian sol extend losses as strong dollar weighs Reuters 5/4/2021 By Ambar Warrick Brazil producer price inflation rises Colombian peso leads losses for second straight day Chile s peso the sole gainer (Adds details on stocks, updates prices and comment) By Ambar Warrick May 4 (Reuters) - Colombia s peso and Peru s sol extended losses on Tuesday as most Latin American currencies dipped against a stronger dollar, while Chile s peso was supported by copper prices resuming their climb towards a decade high. The dollar rose as investors awaited key U.S. readings this week, which are likely to show an economic recovery gathering steam. A wave of COVID-19 infections in Latin America has also kept appetite for local currencies subdued, while concerns over political issues in Colombia and Peru weighed on sentiment. The Colombian peso, which fell 0.6%, led losses for a second straight day after the government
Colombian peso, Peruvian sol extend losses as strong dollar weighs
May 4, 2021 Brazil producer price inflation rises Colombian peso leads losses for second straight day Chile’s peso the sole gainer (Adds details on stocks, updates prices and comment) By Ambar Warrick May 4 (Reuters) – Colombia’s peso and Peru’s sol extended
losses on Tuesday as most Latin American currencies dipped
against a stronger dollar, while Chile’s peso was supported by
copper prices resuming their climb towards a decade high. The dollar rose as investors awaited key U.S. readings this
week, which are likely to show an economic recovery gathering
UPDATE 2-Colombian president urges dialog ahead of planned Wednesday marches Reuters 5/4/2021
(Recasts with announcement from Duque about national dialog)
By Oliver Griffin and Luis Jaime Acosta
BOGOTA, May 4 (Reuters) - Colombian President Ivan Duque said on Tuesday the government is ready for national dialog after days of protests led to over 20 deaths and international concern about excessive use of force by police.
The protests, set to continue on Wednesday, were originally called in opposition to the government s now-canceled tax reform plan but have become a broad cry for action against poverty and what demonstrators and advocacy groups say is police violence.
HODL your horses, cryptos face possible hurdles ahead, experts say Today 04:40 am JST Today | 06:30 am JST LONDON
Evolving rules, environmental concerns and competition from central banks threaten to undermine many of the world s fast-growing crypto assets, crypto and macro experts said, while creating opportunities for those able to adapt.
Europe and the United States are both working on regulating digital assets and their providers - moves welcomed by investors, who hope the new ground rules will encourage institutional investors to plunge in.
Anatoly Crachilov, co-founder and CEO of Nickel Digital Asset Management, which manages assets worth $200 million, told the Reuters Global Markets Forum that regulatory uncertainty was a drag on the development of the crypto space.