CBDC Substitute FedNow to Debut Next Summer
The Federal Reserve is preparing to introduce FedNow, a new payment facilitation system that may reduce the need for a central bank digital currency.
Vice Chair of the Federal Reserve…
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Governor of the Federal Reserve slows down US CBDC in favour of FedNow
A leader at the Federal Reserve is putting the brakes on crypto-related speculation on regulatory engagement.
In a speech delivered on August 17, Federal Reserve Governor Michelle Bowman…
The Hong Kong Market Authority has announced a competition to promote CBDCs
The Hong Kong Monetary Authority (HKMA), which serves as a de facto central bank, has recently added a central bank digital currency (CBDC) section to an annual business competition held in…
Governor of the Reserve Bank of Australia prefers privately-issued tokens over CBDCs
Phillip Lowe, the governor of the Australian central bank, said at a G20 gathering that regulated private tokens may be superior to Central Bank Digital Currencies.
The chief of the Hong…
U.S. credit unions claim CBDCs aren’t worth it
As the United States investigates the prospect of implementing a central bank digital currency (CBDC), a prominent trade organisation has expressed opposition to the concept.
The…
Taiwan’s governor support interest-free CBDCs to avoid fiat deposit outflow
Steps are being taken to launch a Taiwanese Central Bank Digital Currency, but privacy and power abuse worries remain.
Central Bank of the Republic of China (Taiwan) governor Chin-long…
Jamaica Becomes the First Nation to Legally Tender a CBDC
A group of news organisations from across the world has formed the Trust Project to develop criteria for journalistic honesty.
Jamaica has become the first country to issue a legal…
Deputy Governor of the Reserve Bank of India predicts that CBDCs would be the death of crypto
Central bank-issued digital currencies (CBDCs), according to the Reserve Bank of India (RBI), would put an end to private cryptocurrencies.
Indian Times reported on June 3 that Bank of…
Vice-Chair of the Federal Reserve Testifies in Favor of CBDC, Says It Can “Coexist” With…
When Lael Brainard spoke before a House panel Thursday, she explained how a CBDC, or central bank digital currency, may help and harm the economy.
The U.S. Senate approved Brainard as…
CBDCs ‘could be a huge force’ in the future, says SWIFT innovation chief
More nations and banks are beginning to take steps that might pave the way for the implementation of a central bank digital currency (CBDC), enabling them to easily control digital…
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