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......»»
Central Banks Settle Cross-Border Payments With Blockchain for First Time
The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies......»»
Central banks use blockchain for first time to swap currency
The Bank of Canada and Monetary Authority of Singapore have sent each other digital currencies using blockchain technology, marking the first such successful trial between two central banks......»»
The Future of Money: Digital Currency
Brookings Institution Fellow Eswar Prasad testified last week on digital currencies and central banks before a U.S. House subcommittee on monetary policy and trade......»»
Private Sector Innovation Is The Key To Blockchain Adoption On A Global Scale
In an interview with Coin Telegraph published yesterday, Ryan Taylor, CEO of Dash Group, claimed that the ‘inevitable future’ of Blockchain adoption would lie with digital currencies issued by Central Banks. .....»»
Most Central Banks Back Digital Currency If DLT Improved: IBM Survey
A new IBM survey finds most central banks polled back issuing a wholesale digital currency, but are still uncertain about blockchain's efficiency......»»
Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability......»»
Central banks aren"t running scared of bitcoin but they want to keep control, says former Bank of England digital guru
Huw van Steenis, senior advisor to the chief executive of UBS, punctures some central bank digital currency myths The Bank of England is looking into launching a "Britcoin." John Sibley/Reuters Central banks are increasingly intere.....»»
US Launching Five Digital Dollar Pilot Programs
US Launching Five Digital Dollar Pilot Programs By now it's common knowledge that China is leaps and bounds ahead of all other central banks in launching a CBDC, or Central Bank Digital Currency (which Beijing vows is not a challeng.....»»
Fed Chair Jerome Powell says central bank-backed digital currencies must coexist alongside cash and other forms of money
COVID-19 has underscored the less systematic areas of the current payment system and accelerated the need for digitalization, he said. Jerome Powell. Getty Images / Tasos Katopodis Fed Chairman Jerome Powell said potential centr.....»»
Not Just Bitcoin, Paypal"s Vision Involves Central Bank Digital Currencies Too: What You Need To Know
PayPal Holdings Inc (NASDAQ: PYPL) wants to shape the future financial system and central bank digital currencies are a part of its vision, as per CEO Dan Schulman. read more.....»»
Fed"s Quarles defends decision to let banks maintain dividends
A senior Federal Reserve official on Tuesday defended before Congress the central bank's decision to allow lenders to continue issuing dividends, even as the regulator seeks permission from lawmakers to further relax capital rules......»»
Mauritius Central Banker Confirms Island’s Digital Currency Plans
The Bank of Mauritius is inching closer to issuing a retail-focused central bank digital currency (CBDC), its governor confirmed Tuesday......»»
CipherTrace Wants to Guide Central Banks on Their Digital Currency Projects
The blockchain analytics firm is launching an initiative to pitch itself to central banks as both a tech partner and a guiding influence on future digital currency projects......»»
Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says
Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility......»»
How Central Banks Could Use Digital Cash to Deliver Universal Basic Income
Central banks are well placed to deliver regular, no-questions-asked monthly payments to everyone, and to manage any ensuing inflation......»»
Hawaii banks close more branches, add kupuna hours throughout the state
First Hawaiian Bank joins Central Pacific Bank, Bank of Hawaii, Hawaii State Federal Credit Union and American Savings Bank in temporarily consolidating branch networks in response to COVID-19. Effective Thursday, First Hawaiian Bank will temporarily .....»»
The Pandemic Gives Digital Currencies Another Chance to Shine
Which digital currencies are most useful in a crisis, asks a Brazilian central banker. CBDCs, bitcoin or Libra?.....»»
"We could close any day": Amid coronavirus, small retailers face an impossible choice
For many of Central Ohio's smallest shops, a pivot to digital just isn't possible......»»
Wall Street regroups in erratic trading after central banks advance more coronavirus rescue options
The Dow erases early session losses to close up roughly 190 points, while oil prices get a 25 percent jolt......»»