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Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand.
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency.
“Project Aber” shows DLT can be used to upgrade cross-border payments, central banks say
The economic historian said that President-elect Biden’s administration should consider Bitcoin as an alternative to a “Chinese-style digital dollar.”
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition.
Suzhou Will Carry Out Digital RMB experiment on Dec. 12 Suzhou will become the second Chinese city after Shenzhen to carry out a digital RMB experiment, according to a source with knowledge of the matter. On December 12th, the crypto yuan for the experiment will
The joint report is among the most promising CBDC studies conducted by central bank authorities
German Finance Minister, Olaf Scholz, sees the digital euro as an ideal innovation to meet the high demand for digital money from businesses and consumers in Europe.
Libra, Facebook's project to launch a global cryptocurrency, may launch as soon a January but as a stablecoin and not as a basket of assets that it originally sought to create. According to a report in the FT, Libra may launch in early 2021 as
Governments are increasingly liquidating crypto assets seized in criminal investigations.
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week's Law Decoded.
Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency.
But authors say CBDCs may be a more effective means of achieving the same goal
Making digital cash work efficiently for public stimulus payments doesn’t require a detour through blockchain technology, in the view of U.S. progressives.