The digital currencies could be distributed through PayPal’s digital wallets, the company’s CEO said.
The G7 meeting on Friday is a virtual meeting and will be the first since U.S. President Joe Biden was sworn into office on Jan. 20.
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.
The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins.
A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.
It's 2028 and central banks, Big Tech companies and the "deplatformed" are establishing their own worlds of digital money.
The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.
The pilot involved the settlement on a private blockchain of around €2 million.
Stephen Harper said "the number of things that people use as reserves will expand," but the U.S. dollar will still retain its dominant role.
He estimated it will take “years rather than months” before the Fed releases a CBDC.
Bitcoin's powerful move over the past couple of months to more than $700 billion in market value is suddenly commanding more attention from global financial regulators.
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.
While the Riksbank appears keen to launch the e-krona, bankers are worried about how the digital currency might affect their industry.
LCX has been granted eight out of the 11 crypto-related licenses in Liechtenstein.
The Stellar Development Foundation's work with Ukraine's government to digitize the hryvnia will officially launch this month.