Japanese messaging giant LINE developing CBDC platform
The platform would aid central banks in Asia with developing a central bank digital currency. Go to Source Powered by WPeMatico
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Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair Jerome Powell. The Fed Chair says as far as a U.S.-issued CBDC … Read more
Leaders of global CBDC projects talk shop in panel today
Central bank digital currency interest continues gaining global traction. Go to Source Powered by WPeMatico
95% of winners in China’s CBDC lottery spent digital yuan prizes
Some winners purchased additional digital yuan during the pilot. Go to Source Powered by WPeMatico
With job listing, Canada’s central bank takes additional steps towards a CBDC
The winning candidate’s primary task will be to monitor the latest developments related to electronic money, but also research “the development of a CBDC” Go to Source Powered by WPeMatico
Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both. Go to Source Powered by WPeMatico
Five Russian banks express interest in piloting digital ruble
The first pilots of Russia’s digital currency are expected to launch in H1 2021. Go to Source Powered by WPeMatico
Former PwC partner to launch New Zealand ‘Power Dollar’ stablecoin
Power Finance, led by former PwC partner, plans to launch a New Zealand digital dollar stablecoin early next year. Go to Source Powered by WPeMatico
Central banks should be ready with CBDCs, says Bank of Canada exec
Timothy Lane says the central bank is developing a CBDC at “a good pace.” Go to Source Powered by WPeMatico
‘No single digital currency will dominate the world’ Bank of Japan now says
Japan’s policymakers appear disconcerted by the advancement in China’s CBDC iniative. Go to Source Powered by WPeMatico