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CBDC
BIS Economists Contend Crypto Can't Fulfill the Role of Money
The nature of permissionless blockchains necessarily leads to “fragmentation of the crypto landscape,” according to the central banking group.
BIS Appoints Cecilia Skingsley as Head of Innovation Hub
Skingsley is currently the first deputy governor of Swedish central bank, Sveriges Riksbank.
‘This Is the Usual’: Thai Central Bank Governor on CBDC Pilot Delay
A retail central bank digital currency will probably replace cash but not other means of payment out there, including private methods, the governor said.
Examining Terra’s UST Stablecoin and Luna Token Crashes
CoinDesk’s Nikhilesh De and Sam Kessler join “Community Crypto” host Isaiah Jackson to discuss the collapse of the Terra protocol as its UST stablecoin remains deep in the sub-dollar doldrums and LUNA, its sister token, has fallen over 99% from its 2022 high.
Fireblocks Hires Former Bank of England Fintech Chief to Lead CBDC Efforts
Varun Paul will also engage with market infrastructure bodies to explore the benefits of supporting digital assets and participating in DeFi.
US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch
The Federal Reserve’s Lael Brainard says it will take years to build a U.S. CBDC and that the project can only start once Congress and the White House sign off.
Circle Asks US Fed Not to Step on Its Toes by Launching a Digital Dollar
USDC stablecoin issuer Circle is arguing the U.S. Federal Reserve should pass on launching a central bank digital currency (CBDC) because the public is already served well by private-sector tokens. Meanwhile, Fed Vice Chair Lael Brainard said CBDCs could coexist with stablecoins. "The Hash" panel discusses the latest in the world of stablecoins and CBDCs as they continue to collide.
Fed Vice Chair Lael Brainard Says CBDC Could Coexist With Stablecoins
A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee on Financial Services on Thursday.
Wall Street: Fed Digital Dollar Spells Destruction for Banks
As the U.S. Federal Reserve considers launching a central bank digital currency (CBDC), Wall Street bankers are sounding the alarm about the potential dangers of doing so. “The Hash” team discusses the utility of CBDCs and their privacy implications amid a global race to digital money.
At Davos, Crypto Is No Longer on the Outside
Cryptocurrencies have taken a prominent role at the World Economic Forum’s annual meeting in Davos, despite the mainstream finance world’s apparent contempt for the sector.
