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Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all but ready for primetime. Social Credit … Read more
A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. Go to Source Powered by WPeMatico
XRP contributes to the development of CBDCs and stablecoins, says key exec. Go to Source Powered by WPeMatico
The Bank of England is keeping central bank digital currency research high on its 2020 agenda. Go to Source Powered by WPeMatico
In the EU, getting laws right on Libra could be the best way to speed up a digital euro from the European Central Bank. Go to Source Powered by WPeMatico
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a … Read more
Thailand’s central bank assesses the chances of bringing centralized and decentralized together. Go to Source Powered by WPeMatico
While there is not yet a set time for the expanded pilot program to begin, a policy framework should be complete by the end of 2020. Go to Source Powered by WPeMatico
Fed Governor Lael Brainard shares updates about the U.S. digital currency initiative and why it is crucial to understand CBDCs. Go to Source Powered by WPeMatico
Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Go to Source Powered by WPeMatico