Search Results for "cbdc development"
Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity
Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic. What has driven CBDC forward?
How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance
Japan’s Monetary Authorities Get Serious About CBDC Research and Roll Out
XLM Price Surges as Ukraine Selects Stellar Lumens for CBDC Development
Stellar network’s native token XLM has soared by approximately 30 percent in a day, following the news that Stellar will partner with Ukraine to develop CBDC.
Bank of Japan Puts Top Economist in Charge of CBDC Development
Bank of Japan’s top economist, Kazushige Kamiyama is now the head of payments and settlements and at the helm of Japan’s exploration of its Central Bank Digital Currency (CBDC) project.
Reserve Bank of Australia May Still Have Its Eye on CBDC After All
Reserve Bank of Australia's Tony Richards has said that the RBA will continue to consider the potentials of issuing a CBDC.
Ripple Continues to Push for CBDC Development, but Will Banks Favor Stellar Lumens’ Technology Instead?
Ripple’s wish to develop CBDC with banking institutions remain a steady aspiration but has its reputation been tarnished by the SEC to the point of no recovery?
Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags
Federal Reserve Board Governor Lael Brainaird announced that the United States Federal Reserve is currently experimenting with blockchain and DLT in pursuit of its central bank digital currency (CBDC) or digital dollar.
European Central Bank is Consulting the Public on CBDC
The European Central Bank has launched a public consultation to seek public opinion on its proposed digital Euro or central bank digital currency (CBDC).
Federal Reserve Considers a FEDcoin in Wake of Rising Stablecoin and CBDC Development
Federal Reserve Governor, Lael Brainard said that the Fed is weighing the developments and policy issues in the digital payments sector and experimenting with central bank digital currencies (CBDC) in consideration of potentially issuing it own digital currency.
ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro
Fabio Panetta, a member of the Executive Board of the ECB, stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in a digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency (CBDC).
Digital Dollars—A Two Tier CBDC Design to Maintain US Currency Dominance
The Digital Dollar Project (DDP) is the focus of the Digital Dollar Foundation and advocates the need for a CBDC. In their recently released whitepaper, the DDP stipulates that it aims for the US dollar to maintain its global dominance but further warns that the work needs to begin immediately. The DPP also calls for public-private collaboration, including the use of a two-tier system for the spread and distribution of retail digital dollars.
Bank of Canada Governor Advocates Globally Coordinated Approach to CBDC
The governor of the Bank of Canada Tiff Macklem has advocated for a “globally coordinated” approach with respect to CBDC development.