While interest in central bank digital currencies (CBDCs) continues to soar around the world, a group of innovation and regulatory experts in the U.K. are taking a proactive step to promote its launch in the country. Big-name brands including Accenture, Billon Group, Ava Labs, CGI...
Blockchain solutions provider Ripple has joined the Digital Pound Foundation, a nonprofit focused on the creation and implementation of a digital pound in the United Kingdom, according to a Thursday (Oct. 14) press release. Susan Friedman, Ripple’s head of policy, will represent the company as a...
Time is of the essence, as banks grapple with the looming threat of central bank digital currencies (CBDCs). In other words, perhaps, the more time, the better. To that end, a group of central banks – seven of them in all, gathered into a working...
As soon as this week, the Federal Reserve could begin weighing the possible risks and benefits of issuing a U.S. digital currency, according to a Monday (Oct. 4) report from The Wall Street Journal (WSJ). With federal officials being split on the issue, it could...
In the United States, there will be no ban on cryptocurrencies — but one wonders what will become of central bank digital currencies, in particular the digital dollar, when (perhaps if) they are introduced into what will undoubtedly be a crowded field of digital currency...
The Reserve Bank of New Zealand (RBNZ) released two issues papers on Thursday (Sept. 30) that outline the central bank’s thoughts about the pros and cons of circulating a central bank digital currency (CBDC), and is seeking public input before crafting a more specific blueprint....
The Bank of England has staffed two third-party working groups, which will provide input as the central bank looks into a central bank digital currency (CBDC), The Block reported. The groups are the Engagement Forum and the Technology Forum. Members of the groups include people...
In the sweeping, global push to bring central bank digital currencies (CBDCs) from concept into reality, the smaller nations are making the biggest splashes. Their launches, and successes and failures, will be instructive for economic powerhouses such as the United States and China. China, of...
The main website for Nigeria’s central bank digital currency (CBDC) has gone live, indicating that the launch of the eNaira digital currency is on track for Oct. 1. Read more: Nigeria’s Central Bank Preps for Launch of eNaira Digital Currency Last month, the Central Bank of...
