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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......»»

Category: forexSource: coindeskApr 7th, 2020

BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies

Researchers at the Bank for International Settlements say the future of payments may be peer-to-peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream......»»

Category: forexSource: coindeskMar 1st, 2020

Stanford Prof Darrell Duffie on Our Big Stablecoin Future

A distinguished Stanford professor breaks down the year in stablecoins: Libra, Tether and Central Bank Digital Currencies, like China's......»»

Category: forexSource: coindeskJan 3rd, 2020

Central Bank Digital Currency

Ulrich Bindseil discusses the implications and control of the central bank digital currencies (CBDC) on the financial system. Ulrich Bindseil: Central Bank D.....»»

Category: blogSource: valuewalkJun 21st, 2019

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.....»»

Category: worldSource: nytMay 22nd, 2021

How China Is Closing In on Its Own Digital Currency: QuickTake

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with -- and control of -- a rapidly digitizing economy. Trials an.....»»

Category: topSource: washpostApr 29th, 2021

How China Is Closing In on Its Own Digital Currency

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with -- and control of -- a rapidly digitizing economy. Trials an.....»»

Category: topSource: washpostApr 29th, 2021

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.....»»

Category: smallbizSource: nytMar 19th, 2021

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......»»

Category: forexSource: coindeskMay 15th, 2020

New Zealand’s Central Bank Is Hiring a Money Futurist

New Zealand’s central bank is looking for a Head of Money and Cash to focus "on the future of money” and be a "thought leader" for digital currency......»»

Category: forexSource: coindeskMay 8th, 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

Cryptosphere: Central bank digital currencies - Moving towards reality?

Centra.....»»

Category: videoSource: reutersMar 24th, 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

Why We Should Stop Thinking of ‘Crypto’ as a Single Industry

Enterprise blockchains, central bank digital currencies, digital collectibles, DeFi, and bitcoin. How much do they really have to do with one another?.....»»

Category: forexSource: coindeskFeb 20th, 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

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