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Central Bank Digital Currencies
Australia Considering a Blockchain-Based Digital Currency
Reserve Bank of Australia Governor Phillip Lowe said the central bank is considering a blockchain-based digital currency. "The Hash" panel weighs in on the state of crypto investing in Australia and what kind of impact an Australian central bank digital currency (CBDC) would have on the market and economy.
Caribbean Island of Grenada Tests Retail CBDC
The island nation of Grenada has executed the first successful retail central bank digital currency. The CBDC, called DCash, was created in a partnership between the Eastern Caribbean Central Bank and the tech firm, Bitt. Simon Chantry, Bitt CEO, joins "First Mover" to discuss DCash's test run and the implications of CBDCs for digital payments around the world.
Circle CEO: Adoption of Stablecoins Could Outpace Central Bank Digital Currencies
Jeremy Allaire, CEO of Circle, joins “First Mover” to discuss how the current crypto boom and central bank digital currencies (CBDCs) will impact the future of stablecoins. “What we’re really seeing is the embrace of open networks, the internet itself,” says Allaire.
Is Bitcoin’s Rising Popularity Putting Pressure on Central Banks to Issue Digital Currencies?
The Hash panel breaks down central bank digital currencies (CBDCs) and cryptocurrencies, exploring whether central banks will be more inclined to issue their own CBDCs as the price of bitcoin continues to soar to all-time-highs.
Fed Chair Jerome Powell Emphasizes Caution in CBDC Remarks
Saying “It's more important to get it right than to be first,” Federal Reserve Chairman Jerome Powell suggested the U.S. isn’t rushing to win a global race to develop a Central Bank Digital Currency. Speaking at the annual International Monetary Fund meeting, he did, however, reiterate that research is moving forward and spoke of experiments underway.