Subject: eCurrency Newsletter - November 2021


Newsletter | November 2021

Your source for CBDC development updates


BOJ issues CBDC to National Commercial Bank

November xx, 2021 | Jamaica news

Bank of Jamaica has issued...

In August following a process akin to the minting of physical currency, the BOJ announced its first minting of CBDC in total of JMD230 million.

xxx  Read

Cabinet approves drafting instructions for CBDC October 6, 2021 | PBC Jamaica

Cabinet has granted approval to amend the Bank of Jamaica Act to facilitate the issuance of Central Bank Digital Currency and for the Bank of Jamaica to be the sole issuer of CBDC. Watch

CBDC discussed at the Ministry of Finance and Public Service Wealth Summit

October 20, 2021 | Jamaica Information Service

The Bank of Jamaica Deputy Governor, Natalie Haynes, presents Central Bank Digital Currency at the MOFPS Wealth Summit. Watch

Not all money is created equal

October 9, 2021 | Jamaica Gleaner

The Bank of Jamaica, quite proactively, has authorized the minting of digital currency. This is currency issued in a digital format by the Central Bank. Read


A viable central bank digital currency would have to be the law

October 16, 2021 | Yahoo! Finance

"Our perspective is that currency is the law. Every nation or monetary union has a foundational law that defines what their currency is. So if you're thinking about a digital form of currency then the law must accommodate its existence." saidJonathan Dharmapalan, eCurrency CEO, in an interview with Yahoo! Finance. Read

Indra and eCurrency join forces to deliver end-to-end digital currency solutions to central banks

October 6, 2021 | Indra Company

eCurrency and Minsait Payments, the payment method subsidiary of Minsait, in Indra company, have come together to offer solutions and services to drive the growth of CBDCs and their ecosystems in several geographical regions. Read

eCurrency announces a new investor joining funding round

October 5, 2021 | The Paypers

eCurrency has closed a funding round with new investors including Vikram Pandit, the former CEO of Citi Group. Read

eCurrency joins ANZ in MAS Global CBDC Challenge

September 29, 2021 | eCurrency

ANZ Bank, one of the 15 finalists in the Monetary Authority of Singapore Global Central Bank Digital Currency Challenge has selected eCurrency to develop and showcase the use of CBDC to enable government and citizens a digital ecosystem experience. Read


Minutes of the CBDC Technology Forum

The Bank of England published minutes from the CBDC Technology Forum on 19 October. The items covered in the meeting were detailed; 1) Objectives and proposed format of Technology Forum meetings, 2) Recap of some assumptions around CBDC technology, and 3,4) Forward agenda and Members' views on key CBDC technology topics.The BOE announced the members of the Technology forum in September. Members include eCurrency's Chief Economist, Dr. Bejoy Das Gupta. Read

Central Bank Digital Currencies: executive summary

A group of central banks, together with the BIS, are working together to explore CBDCs for the public. This executive summary summaries progress made since publishing a report in October 2020setting out the common foundational principles and core features of a CBDC.  Read

The Positive Case for a CBDC

The Bank of Canada published a staff discussion paper to discuss the competition and innovation arguments for issuing a central bank digital currency. A CBDC could be an effective competition policy tool for payments. On innovation, it argues that a CBDC could be necessary to support the vibrancy of the digital economy. Read

Future of Money

Two papers published by the Reserve Bank of New Zealand discuss the future of money and the RBNZ charter as stewards of central bank money. The paper on Stewardship seeks feedback on the health of the monetary system. And the paper specifically on CBDC explores whether CBDC is right for New Zealand. Read


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