The Bank of Korea plans to launch a pilot program for its retail central bank digital currency (CBDC) in the fourth quarter of 2024. The program will involve 100,000 selected South Korean citizens who will be able to use tokens in the form of CBDC issued by...
Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at a Harvard Law School event in Washington, Bowman said a digital dollar could pose significant risks and tradeoffs for the...
Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project (DDP). The organization announced Thursday (Aug. 3) it had wrapped a pilot study conducted in collaboration with Western Union, BDO...
American presidential candidates from both sides of the aisle are down on the digital dollar. The U.S. has not unveiled concrete plans for a central bank digital currency (CBDC), and officials have expressed caution about doing so. However, that hasn’t stopped Republicans and at least...
September 09, 2022
A report that the Treasury Department is going to recommend the creation of a digital dollar right up to the point of deciding whether one is actually in the national interest is effectively recommending the creation of a U.S. central bank digital currency (CBDC). The news came from crypto industry news outlet CoinDesk, citing someone […]
October 04, 2021
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...
September 11, 2020
To get a sense of how widespread the interest is, Fed Governor Lael Brainard said in August the Boston Fed was teaming up with MIT to explore the infrastructure that...
November 30, 2023
The Bank of Korea plans to launch a pilot program for its retail central bank digital currency (CBDC) in the fourth quarter of 2024. The program will involve 100,000 selected South Korean citizens who will be able to use tokens in the form of CBDC issued by commercial banks for purchasing goods, TechCrunch reported Thursday (Nov. 30). This […]
October 17, 2023
Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at a Harvard Law School event...
August 03, 2023
Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project (DDP). The organization announced Thursday...
April 23, 2023
American presidential candidates from both sides of the aisle are down on the digital dollar. The U.S. has not unveiled concrete plans for a central bank digital currency (CBDC), and...
