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10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS

A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey......»»

Category: forexSource: coindeskJan 24th, 2020

Facebook spurred central banks to study digital currencies: former Japan central banker

The challenge posed by Facebook's Libra cryptocurrency likely prodded major central banks to set up a new group to study the potential for issuing their own digital currencies, a former Bank of Japan executive said on Wednesday......»»

Category: topSource: reutersJan 22nd, 2020

Central banks band together to consider issuing their own digital currencies

Reuters/Christinne Musch.....»»

Category: topSource: businessinsiderJan 21st, 2020

Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences.".....»»

Category: forexSource: coindeskMar 25th, 2019

Mastercard Releases Platform Enabling Central Banks to Test Digital Currencies

Payments giant Mastercard said its new testing platform will simulate the issuance, distribution and utility of digital currencies for central banks......»»

Category: forexSource: coindeskSep 9th, 2020

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities......»»

Category: forexSource: coindeskJun 17th, 2020

Custody Provider Copper Joins Think Tank to Bridge Gap Between Traditional Finance and Crypto

Crypto custodian Copper is joining the Official Monetary and Financial Institution Forum's new think tank to discuss how central banks are evaluating digital currencies......»»

Category: forexSource: coindeskJun 11th, 2020

Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

The research explores how "central banking for all" via digital currency could affect commercial banks......»»

Category: forexSource: coindeskJun 5th, 2020

Stablecoins Are the Bridge From Central Banks to Consumer Payments

Stablecoins can mediate between central bank digital currencies and the consumer payments universe, says Sila's Alex Lipton......»»

Category: forexSource: coindeskMay 31st, 2020

Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says

Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF's Tommaso Mancini-Griffoli......»»

Category: forexSource: coindeskMay 26th, 2020

CBDCs Come in Many Forms – Here’s a Quick Guide

Dozens of central banks are piloting digital currencies. George Calle, of R3, takes us through the various project types......»»

Category: forexSource: coindeskApr 30th, 2020

BIS Researchers Say Coronavirus Could Spur Central Banks to Adopt Digital Payments

BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies......»»

Category: forexSource: coindeskApr 3rd, 2020

4 Reasons Central Banks Should Launch Retail Digital Currencies

Central banks have four good reasons to adopt digital currency: financial stability, identity management, inclusion and consumer protection......»»

Category: forexSource: coindeskMar 21st, 2020

‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec

Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier......»»

Category: forexSource: coindeskFeb 24th, 2020

Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat

Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains......»»

Category: forexSource: coindeskFeb 24th, 2020

New Central Bank Group to Discuss Digital Currency Benefits at April Meeting: Report

The heads of six major central banks will hold their first meeting on potentially developing their own digital currencies in April, Nikkei says......»»

Category: forexSource: coindeskFeb 6th, 2020

Fedcoin? The U.S. central bank is looking into it

The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency, Governor Lael Brainard said on Wednesday......»»

Category: topSource: reutersFeb 5th, 2020

Fed looking into central bank digital coins, Brainard says

The Federal Reserve is looking at a broad range of issues around regulations and protections for digital payments and currencies, including the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said on Wednesday......»»

Category: topSource: reutersFeb 5th, 2020

Facebook triggered central banks to study digital currencies, Reuters reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 22nd, 2020

Japan, Canada, Europe Central Banks Group Up To Discuss Launching Digital Currencies

Japan, Canada, Europe Central Banks Group Up To Discuss Launching Digital Currencies.....»»

Category: blogSource: benzingaJan 22nd, 2020

Volcker Might Have Said Yes to a Digital Dollar – If He Knew What It Was

What would the late former Federal Reserve Chair Paul Volcker have thought about digital currencies issued by central banks?.....»»

Category: forexSource: coindeskDec 12th, 2019