"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.
Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.
The RBI is examining the impact of the digital rupee on the financial stability in the economy.
“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.
China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.
The Caribbean nation's finance minister announced plans to officially launch a CBDC during the annual national budget debate.
Bank of Korea Governor Lee Ju-yeol isn’t bullish on bitcoin, but he sees potential in a central bank digital currency (CBDC), if it’s done right. Speaking at a press conference on Thursday, Lee said that when it comes to a CBDC, it’s better to do it right than do it fast, citing the cautious approach […]
A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.
From privacy to political power, China’s digital yuan will have far-reaching implications.
Central banks remained adamant private stablecoins do not factor into their CBDC calculus.
BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency.
The BSN expects to complete integrations with a total of 30 public blockchains this year.
The investment giant predicts CBDCs will continue gaining steam, although a "launch among Western countries seems unlikely to occur anytime soon."
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.
Separately, U.S. officials are reportedly considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent.