CBDCs


Policy

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.

Federal Reserve Chairman Jerome Powell

Markets

In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride

Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely.

(Digital Storm/Shutterstock)

Policy

Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals

The Bank of Canada is preparing to design its own central bank digital currency (CBDC), detailing its plans in a new job posting.

Bank of Canada

Policy

S. Korea's Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch

The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.

Bank of Korea building, Seoul

Policy

Libra Is Ready for the Digital Money 'Space Race': Dante Disparte

Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.

TWO SIDES: Juggling inclusion and compliance remains Libra's most pressing challenge. (Credit: Shutterstock)

Finance

Digital Currencies Could Replace Low-Interest Bank Accounts, Says UN-Linked Expert

Low-interest rates have removed one of the few remaining incentives for holding a bank account, meaning digital currency could be a better alternative, argues an economics analyst.

cutting bank card

Markets

Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC

The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.

DIGITAL DOLLARS: Former CFTC Chairman Christopher Giancarlo said building a digital dollar could take years, but work needs to start now to achieve this.

Markets

First Mover: Bitcoin Could Get a Boost From Central Bank Digital Currencies

CBDCs might seem to be anathema to the mission statement of bitcoin, but they may prove to be a valuable on-ramp for new investors.

skateboard ramp jump 2

Markets

Central Banks Mull Creating a CBDC, but Not on a Blockchain: Survey

Forty-six central banks would consider a broader form of distributed ledger technology for a CBDC but aren't crazy about putting it on a blockchain.

Credit: New York Public Library

Tech

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

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