Tag: CBDC

September 25, 2023

The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation. The bill would amend the Federal […]

September 4, 2023

The experiments sought to overcome the challenges of interoperability faced by investors and financial institutions trading on different blockchains with varying liquidity profiles and functions. This group have previously needed to build and instate connections between blockchains, but the experiments […]

August 23, 2023

By bringing together such a group under one platform, Mastercard aims to bring a “greater understanding” of the advantages and disadvantages of CBDCs, and how they can be implemented in a way that is “safe. seamless and useful”. Inaugural members […]

July 11, 2022

As more governments consider launching a central bank digital currency (CBDC), they face many important questions: Why create a digital dollar, euro, or rupee? What technology best fits that purpose? How might a CBDC affect competition in the market? Policymakers […]

July 6, 2022

Central banks around the world are gripped in an uncharacteristic frenzy. Almost every central bank is at least setting up “commissions” to look into the luring and jarring prospect of redefining their national currency. A few countries simply embraced Bitcoin […]

February 23, 2022

National digital currencies are gaining momentum. In November 2021, the nine largest banks in Japan announced that they will issue a digital yen this year. Nine countries have already issued central bank digital currencies and 14, including China, have pilots […]

May 21, 2021

Federal Reserve Chairman Jerome Powell shifted his tack slightly Thursday on the topic of creating a central bank digital currency, saying the Fed will issue a paper this summer designed to “stimulate broad conversation” about the possibility. In a brief […]