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CBDC
Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event. 2047 Total views 37 Total shares The Federal Reserve Bank vice chairman spoke…
CBDCs will gradually displace private banks, says Russian lawmaker
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August. 258 Total views 5 Total shares Central bank digital currencies (CBDCs) and blockchain…
Digital euro can ward off a host of private payment service ills: ECB official
Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said. 202 Total views 4 Total shares The European Central Bank (ECB) is quite happy with the…
Digital rupee gets big usability boost through Yes Bank integration with UPI
The Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch in December. 2428 Total views 3 Total shares The Reserve Bank of India (RBI) central bank digital…
Official explains why China CBDC should not be as anonymous as cash
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said. 422 Total views 23 Total shares China’s central bank digital…
Board urges Bank of Central African States to introduce common digital currency: Report
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April. 181 Total views 22 Total shares The Bank of Central African States, or Banque…
Regulators across the ocean discuss stablecoins and MiCa at joint forum
The representatives of key regulatory bodies on both sides of the Atlantic have met to exchange their experiences. 376 Total views 29 Total shares It’s not every week that regulators from both sides of the Atlantic ocean come together…
ECB may cap digital euro at 1.5T tokens — Executive board member
"Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta. 711 Total views 5 Total shares Fabio Panetta, an executive board…
Atlantic Council looks at how to maintain central bank digital currency cybersecurity
The thinktank looked at the interplay of performance, security and privacy in possible CBDC designs and made recommendations for optimizing it. 164 Total views 5 Total shares The U.S. thinktank Atlantic Council released a report…
Consensus 2022: Web3, unpacking regulations, and optimism for crypto’s future
“Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this year, attracting 17,000 people from across the globe, despite the 100-degree plus weather. According…