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Researchers at McGill are reportedly working on potential design for Bank of Canada virtual currency or CBDC.
Besides securing approval from Swiss regulators, Diem seems likely to face opposition from government regulators in many countries.
The Governor of the Reserve Bank of India says the monetary authority is “very much in the game” to launch a CBDC.
The Reserve Bank of India is getting ready to launch its own central bank digital currency.
Today, Jerome Powell, Chairman of the Federal Reserve, returned to Capitol Hill for a hearing on the House side pertaining to Monetary Policy and the State of the Economy. Once again, much of the discussion hovered around COVID, monetary policy and his opinion on the
Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project.
Cross-border project will link up digital currencies of China, Hong Kong, Thailand and the UAE
During testimony provided at the US Senate Banking Committee hearing today, Federal Reserve Chairman Jerome Powell commented on the possibility of launching a 'digital dollar' calling it a high-priority project for them. Powell was testifying in front of the Senate Banking Committee as part of
Some of Asia's largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat.
BoJ embarks on year-long pilot programme to test functionality
Central banks may find it “challenging” to keep up with pace of technological change
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot.
Mark Carney, one of the most prominent central bankers of the post-financial crisis era, has officially joined the digital payments company. Stripe has all but abandoned cryptocurrency payment solutions for the time being, but its founders are positive about the emerging industry.