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 stablecoinsRead More »
Governor Lael Brainard: Private Money and Central Bank Money as Payments Go Digital: an Update on CBDCs
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 allRead More »
Bank of England statement on 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 CBDCRead More »
Central banks of China and United Arab Emirates join digital currency project for cross-border payments
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.Read More »
Can digital central bank currencies function as cash?
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 cashRead More »
Burkhard Balz: Central bank digital currencies – the future of 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?Read More »
Banque de France conducted a successful experiment with IZNES on the use of central bank digital money for interbank settlement purposes.
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.Read More »
ECB digital euro consultation ends with a record level of public feedback
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 launchRead More »
Ukrainian Ministry of Digital Transformation to develop virtual assets and to facilitate CBDC infrastructure with 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.Read More »
Tlaib, García and Lynch Introduce Legislation Protecting Consumers from Cryptocurrency-Related Financial Threats
The Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, which would protect consumers from the risks posed by emerging digital payment instrumentsRead More »