A digital yen could have serious unintended consequences, the Bank of Japan's deputy governor warned.
Algorand was selected following "extensive market research among the leading protocol options."
Nothing is more centralizing than a state’s control over decentralized technologies like blockchain and cryptocurrency, says law professor and blockchain adviser James Cooper.
Researchers at the Bank for International Settlements say the future of payments may be peer to peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.
Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier.
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week.
Jeremy Allaire sees governments and industry finally taking blockchain seriously. That's a big deal.
Some of Japan's lawmakers fears a digital yuan could create economic disruption if it replaces the U.S. dollar in international markets.
Lael Brainard said in a speech the Federal Reserve is looking at digital ledger use cases including for a possible central bank digital currency.
The heads of six major central banks will hold their first meeting in April on potentially developing their own digital currencies, Nikkei says.
Cambodia's central bank digital currency platform has the support of 11 national banks and will be used initially for domestic payments once launched at some point during the first fiscal quarter of this year.
Japan needs to keep researching a central bank digital currency, even if it won't launch one just yet, accord to the Bank of Japan's deputy governor.
A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey.
Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead.
Around 70 politicians from Japan's ruling Liberal Democratic Party plan to propose the nation issue its own digital currency.