Fears that CBDCs could cause financial instability and increase surveillance are misplaced, says our columnist.
Calls to "catch" China on digital currency downplay the promise of open financial technology, says Circle's head of global policy.
Sir Jon Cunliffe expressed the concern that consumers may find stablecoins more attractive than bank offerings.
The Colonial Pipeline saga illustrates what may be a vulnerability with digital currency issued by central banks.
The central bank is to focus more effort on CBDCs as a potential benefit to payments and the digital economy.
The bank said before a CBDC can be issued it is necessary to conduct a comprehensive study of the benefits and risks.
The National Bank of Georgia hopes a digital lari would improve the efficiency of financial services.
The Digital Dollar Project's first five pilots will launch during the next year.
In the company’s latest quarterly earnings call, CEO Michael Miebach noted that the company is investing in smart contract technology to pair with central bank digital currencies.
The U.S. is biding its time to see whether a CBDC was something that would be a "good thing for the people," Powell said Wednesday.
The Alibaba-affiliated company disclosed the information over the weekend at the Digital China Summit in Fuzhou.
The bank said the motivation for research into CBDCs remains strong as many other central banks around the world are carrying out similar experiments.
As central bank digital currencies do battle with stablecoins, dollar-backed projects will have to work hard to ensure independence.
The Diem white paper suggests the company would be open to discussions with central banks about providing this service.
The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.