Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report
Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
The central bank is now gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.
Global policymakers are still pushing CBDCs despite their failures
From Thailand to the Eastern Caribbean, the CBDC experience has been one of government waste. So why do financial authorities keep pushing them?
Mastercard Says Customers Are Too Comfortable With Today’s Money for Adoption of CBDCs: CNBC
The widespread use of central bank digital currencies (CBDCs) does not have enough justification at the moment as customers are so comfortable using today’s type of money, a senior Mastercard official has said.
The Subtle Art of Slow: The CBDC Adoption Journey
CBDCs Good for Payments, Even With Competition: IMF
The International Monetary Fund’s planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.
U.S. CBDC Is Unlikely in the Near Term: Bank of America
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says
Central banks will have a limited role to play relative to the private sector in CBDC issuance, the group’s general manager Agustín Carstens said.
U.S. Federal Reserve’s Barr Holds Line on Central Bank Needing Stablecoin Powers
Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.
Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said.
Digital Euro Project Moves to ‘Preparation’ Phase
The move is not a decision to issue a central bank digital currency, the European Central Bank said Wednesday.
Ripple VP: The Policy Considerations ‘Justifying the Implementation of CBDCs’
Central bank digital currencies have nearly limitless opportunity but ultimately, mainstream adoption hinges upon usability, Ripple Vice President James Wallis writes.
How will CBDCs be used for political oppression in your country?
Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life.
CBDCs could support a more stable economy — if banks pull the strings
Central bank digital currencies (CBDCs) could confer economic benefits if governments don’t use them to cannibalize the commercial banking industry.
Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing
The idea of a digital dollar in the U.S. is so egregious to Republican lawmakers that it’s become a presidential campaign talking point and the subject of multiple bills to strangle it before it takes a first breath. But Rep. Stephen Lynch (D-Mass.) reintroduced a bill Thursday calling for the exact thing they’re trying to stop.
Incoming BOE Deputy Governor Highlights Crypto Risks, Cites Benefits at Parliamentary Hearing
There are benefits to crypto technology, and the digital pound could anchor digital money, Sarah Breeden said.
Reject CBDCs, Embrace the Right to Transact
Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies
Payments giant Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies, injecting its influential voice into the CBDC conversation as nations around the world consider whether to digitize their money.
SEC Case Had ‘Almost No Impact’ on Ripple’s Talks With Central Banks, Says Exec
James Wallis said the decision that Ripple’s sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry.
