Jerome Powell Clarifies: US Far From Introducing a Central Bank Digital Currency

Jerome Powell Clarifies: U.S. Far From Introducing a Central Bank Digital CurrencyFederal Reserve Chair Jerome Powell stated before the Senate Committee on Banking, Housing, and Urban Affairs that the United States is far from adopting or even recommending the introduction of a central bank digital currency (CBDC), emphasizing a significant distance from such a possibility. He assured that any potential CBDC would not be designed for […]

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Philippines to Develop Blockchainless Wholesale CBDC in Two Years

Philippines to Develop Blockchainless Wholesale CBDC in Two YearsThe Central Bank of the Philippines will develop a central bank digital currency (CBDC) in the next two years, according to Governor Eli Remolona Jr. The still unnamed CBDC will focus on the wholesale market and won’t use blockchain tech, instead relying on the Philippine Payment and Settlement System, owned and operated by the central […]

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