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Readout of the Meeting of the President’s Working Group on Financial Markets to Discuss Stablecoins

DEPARTMENT OF THE TREASURY stablecoins

Janet L. Yellen convened the President’s Working Group on Financial Markets (PWG), joined by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, to discuss stablecoins

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Governor Lael Brainard: Private Money and Central Bank Money as Payments Go Digital: an Update on CBDCs

Governor Lael Brainard AI

Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all

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Bank of England statement on Central Bank Digital Currency

Bank of England Central Bank Digital Currency

The Bank of England and HM Treasury have today announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC

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Central banks of China and United Arab Emirates join digital currency project for cross-border payments

m-CBDC

The Digital Currency Institute of the People's Bank of China and the Central Bank of the United Arab Emirates join the Multiple CBDC (m-CBDC) Bridge, a cross-border payments project.

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Can digital central bank currencies function as cash?

Riksbank SWESTR digital money

Many central banks are currently researching the possibility of issuing digital money (central bank digital currency - CBDC) as a complement to the central bank money we use today, namely cash

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Burkhard Balz: Central bank digital currencies – the future of money?

Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank central bank money

The future of money. Do we need other forms of money beside the ones we already have? And do we need other forms of central bank money?

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Banque de France conducted a successful experiment with IZNES on the use of central bank digital money for interbank settlement purposes.

Banque de France central bank digital currency

Banque de France successfully carried out an experiment on central bank digital currency (CBDC) with IZNES as part of the experimental programme launched in March 1.

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ECB digital euro consultation ends with a record level of public feedback

ECB European Central Bank digital euro

Over 8,000 responses received in online survey. Privacy, security and pan-European reach ranked highest in European citizens’ preferences. Detailed analysis to be published in spring, ahead of decision on project launch

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Ukrainian Ministry of Digital Transformation to develop virtual assets and to facilitate CBDC infrastructure with the Stellar Development Foundation

Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation

On December 28, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding and Cooperation, within which they will work on the development of a strategy for virtual assets in Ukraine.

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Tlaib, García and Lynch Introduce Legislation Protecting Consumers from Cryptocurrency-Related Financial Threats

STABLE Act

The Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, which would protect consumers from the risks posed by emerging digital payment instruments

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