With its prominent inclusion in President Joe Biden’s executive order on crypto, the topic of a U.S. central bank digital currency (CBDC) was back on top of a lot of minds this week, and a couple of noteworthy trends can be seen — mostly related...
The Bank of Canada is teaming up with the Massachusetts Institute of Technology (MIT) on a 12-month research project that’s focused on the design of a potential Central Bank Digital Currency (CBDC), according to a Cointelegraph report Thursday (March 17). Bank officials will work with...
Ghana is looking to make sure its digital currency will work on a popular payment platforms operated by mobile-phone service providers, Bloomberg reported Tuesday (March 15). The proposed use of eCedi in the West African country must be intuitive and improve financial inclusion, the Bank...
As the move to create central bank digital currencies (CBDCs) expands around the world, it’s worth stepping back and asking why. The two most common answers both pit CBDCs against stablecoins: first, as a way to improve the efficiency and reduce the costs and bottlenecks...
The question of whether the U.S. needs a digital dollar moved far higher up the political agenda this week, as the need for a central bank digital currency (CBDC) played a leading role in President Joe Biden’s eagerly awaited executive order on regulating cryptocurrencies. While...
If you support creating a digital dollar, there’s a lot to be happy about in President Joe Biden’s Wednesday (March 9) executive order on the regulation of cryptocurrency. For one thing, after broad introductory statements about goals and objectives, the first section of the order...
It seems the digital dollar may be on the way — the jury’s out, though, as to whether we might really need a central bank digital currency (CBDC) here in the United States. As has been widely reported, President Joe Biden is close to signing...
It’s time for China to frame a legal blueprint for the digital yuan that clearly defines and outlines acquisition, use, risks, privacy, control and other details that clarify how it will operate nationwide, according to a state bank official on Monday (March 7). Wang Jingwu,...
The U.S. is in a quiet phase of its decision on whether to build and issue a central bank digital currency (CBDC), with the initial reactions to its long-awaited digital dollar report having been heard and the Federal Reserve having made clear that it won’t...
