A new digital euro will offer more privacy for smaller transactions — though full anonymity is still apparently off the table, Coindesk wrote Monday (April 4). The officials announced as much after a meeting of European Union (EU) finance ministers from the currency bloc. There...
The Peoples’ Bank of China plans to expand its trial for digital yuan to include more cities, a report Saturday (April 3) from Bloomberg said. This comes because the market response was good toward the use of the central bank digital currency (CBDC) in both...
Beyond the “will they or won’t they” stage of central bank digital currencies (CBDCs) — where the questions are existential, and certain central banks mull issuing them at all — lie the regulations. Much of the regulatory landscape for CBDCs is being shaped beyond the...
On Monday (March 28), EU lawmakers proposed an anti-money laundering (AML) regime that would require identification and screening for any cryptocurrency or stablecoin transaction, no matter how small. Then on Wednesday (March 30), the other shoe dropped. A European Central Bank (ECB) unveiled a proposal...
In a speech before the European Parliament on Wednesday (March 30), Fabio Panetta, member of the board of the European Central Bank (ECB), said that several central banks around the world, including the Federal Reserve, the Bank of England (BOE) and the ECB, are discussing...
With new technology, especially with new payment methodologies, there are two heavy lifts — the technical infrastructure that makes it all possible, and then the adoption of new behaviors, the transformation of what could be into what is. News has come in recent days that...
A new bill seeks to purge not just blockchain, but all digital ledgers from the digital dollar. Rep. Patrick Lynch (D-Mass.) and four Democratic colleagues announced the “Electronic Currency And Secure Hardware Act” (ECASH Act) on March 28, seeking to hand the responsibility for creating...
The Bank for International Settlements (BIS) and four central banks have completed trials of two blockchain-based platforms that a multinational central bank digital currency (CBDC) technical standard could be based on. Nationally issued CBDCs like the digital yuan and proposed digital dollar could make both...
The Arab Monetary Fund (AMF) has named RippleNet as a potential alternative to adopting central bank digital currencies (CBDCs), a report said Sunday (March 20). The AMF’s Arab Regional Fintech Working Group has said there’s considerable risk for a country to issue a CBDC, in...
