You Searched For "CBDCs" and got 20 results
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1 min read
Cryptocurrencies equivalent to gambling: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies ar…
3 mins read
Bitcoin could form the backbone for CBDCs, according to a new report
Environmental concerns around Bitcoin have been well documented, but it is still the most valuable …
2 mins read
A US congressman has proposed a bill to limit the Fed's ability to issue its own digital currency
Rep. Tom Emmer said the Fed should not have central authority over the retail accounts of Americans…
Isabelle Lee
3 mins read
SBF's conviction is the final nail in the coffin for crypto bros hoping to get rich quick
Sam Bankman-Fried was found guilty of all seven charges. Crypto's future lies in regulation, spelli…
Pete Syme
2 mins read
India’s central bank appoints department to regulate crypto exchange, formulate CBDCs
The report also said that the bank is working on two kinds of CBDCs — wholesale and retail — and…
2 mins read
Central bank digital currencies could save global corporations $100 billion per year, JPMorgan says
The 35-page report looked into a CBDC network that operates 24/7 and focused on Southeast Asia, whi…
Isabelle Lee
2 mins read
Roughly half the world's central banks are 'at some stage' of exploring their own digital currencies, IMF says
Around half the world's central banks are at "some stage" of looking into creating their own digita…
Camomile Shumba
2 mins read
The Fed may release its long-awaited paper on central bank digital currencies as early as next week, report says
Jerome Powell has said CBDCs would negate the need for stablecoins, but other observers say a digit…
Isabelle Lee
2 mins read
Visa is looking to roll out a universal payment channel that could manage transfers of stablecoins, or central bank digital currencies
Visa said on Thursday it was looking into creating what it called a universal payment channel (UPC)…
Camomile Shumba
1 min read
PayPal and Visa are among the companies that will help the Bank of England work on a UK digital currency
Two forums will help the BoE and the UK Treasury department understand the technological and practi…
Carla Mozée
2 mins read
About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says
Central bank digital currencies "could help de-dollarization or counter "cryptoization"," IMF staff…
Joseph Wilkins
1 min read
Central bank digital currencies could slash costs for cross-border payments and speed transactions to seconds, BIS says
A prototype of a CBDC platform showed the time for cross-border payments taking as little as 2 seco…
Carla Mozée
2 mins read
Stablecoins could exist alongside a digital dollar as CBDCs could help secure global payments systems, Fed Vice Chair Lael Brainard says
A CBDC "could coexist with and be complementary to stablecoins and commercial bank money," Brainard…
Carla Mozée
2 mins read
G20 to take call on crypto assets, says Nirmala Sitharaman
Amid speculations on regulation or outright banning of crypto assets, Finance Minister Nirmala Sith…
2 mins read
Fed Governor Waller is 'highly skeptical' that the Fed needs to create a central bank digital currency
Waller doesn't see how a Fed CBDC would solve any major problems in the US payment system such as s…
Carla Mozée
2 mins read
Singapore, the World Bank and others are offering a $150,000 prize to the winner of a global competition to create a workable central bank digital currency
Singapore is holding a global competition to design a central bank digital currency for retail use.…
Camomile Shumba
6 mins read
The number of countries exploring CBDCs more than doubled during the pandemic year
These 81 counties represent over 90% of the world’s gross domestic product (GDP). The pandemic…
Future of money: CBDCs and stablecoins
The digital revolution is transforming everything from currencies to finance. How do CBDCs and stab…
5 mins read
Central banks aren't running scared of bitcoin but they want to keep control, says former Bank of England digital guru
Huw van Steenis, senior advisor to the chief executive of UBS, punctures some central bank digital …
Harry Robertson
2 mins read
3 ways digital currencies backed by central banks could benefit the global economy, according to Fitch
Fitch Ratings highlighted three advantages of central bank digital currencies, or CBDCs.