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......»»
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......»»
Central banks band together to consider issuing their own digital currencies
Reuters/Christinne Musch.....»»
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.".....»»
Mastercard will allow merchants to accept select cryptocurrencies on its network later this year
The card-payments firm is also "actively engaging" with central banks around the world to possibly launch new digital currencies. REUTERS/Soe Zeya Tun Mastercard said it will offer support for customers to transact in some select cryptocur.....»»
Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain
The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency......»»
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......»»
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......»»
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......»»
‘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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»
Japan, Canada, Europe Central Banks Group Up To Discuss Launching Digital Currencies
Japan, Canada, Europe Central Banks Group Up To Discuss Launching Digital Currencies.....»»
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?.....»»
Fed Official Says Digital Central Bank Currency Is ‘Inevitable’
Philadelphia Federal Reserve bank president Patrick Harker said it is “inevitable†for the central banks to start issuing digital currency......»»
ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years
Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon......»»
BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies......»»
IMF Survey Indicates Digital Currencies Backed by Central Banks Could Be Real
The International Monetary Fund has released the results of a survey of the world's central bankers on the current state of fintech development and where the sector may be headed......»»