The Bank of Canada is preparing to design its own central bank digital currency (CDBC), detailing its plans in a new job posting.
Money Reimagined: COVID-19’s Lessons in Innovation
Though its impacts are deadly, the coronavirus is a product of an advanced innovation ecosystem. We can learn from its ability to mutate and adapt.
While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise
Is a cash-based society sustainable in a pandemic? Hoarders say yes. Health experts say maybe. Visionaries say no: It’s a moment for systemic change.
Japan Doesn’t Need a Digital Yen, Asserts BOJ Official
A digital yen could have serious unintended consequences, the Bank of Japan’s deputy governor warned.
Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status
U.S. policymakers are worried that CBDCs and crypto will harm the dollar’s reserve status. But maybe they have it backwards, writes CoinDesk columnist Nic Carter.
Cambodia Readies a Blockchain-Based Digital Currency
Cambodia’s central bank digital currency platform has the support of 11 national banks and will be used initially for domestic payments once launched at some point during the first fiscal quarter of this year.
French Central Bank Job Posting Reveals Digital Currency Program
Banque de France is seeking a blockchain analyst who will help the bank define a program for implementing digital currency.
US Federal Reserve Hiring Retail Payments Manager to Integrate Digital Currencies
The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies as part of a new hire.
As Central Banks Go Digital, Crypto Competition Looms
The race is on to build the best “stablecoin” – a cryptocurrency with mechanisms aimed to reduce price volatility built in.
Crypto Exchange Gemini Hires Former NYSE Tech Chief
Crypto exchange Gemini has hired former NYSE chief information officer Robert Cornish to serve as its first chief technology officer.
Bank of Italy Official: Central Banks Not Ready to Issue Digital Currencies
The Deputy Governor of the Bank of Italy believes that central banks are not yet ready to issue institute-backed digital currencies.