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Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack.
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.
Slow and steady wins the CBDC Race: there are several reasons why the United States' digital dollar development has an edge over China’s speedy approach to its digital yuan.
Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of its central bank.
PayPal CEO discussed the integration of cryptocurrency into its business and potential business partnerships with central banks.
Central banks can use lender of last resort power and decrease CBDC remuneration
PayPal is planning to launch crypto services for users of its platform globally, along with the Venmo app, and the company will explore central bank digital currencies.
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon.
The CEO of the Hong Kong Securities and Futures Commission (SFC) recently stated that security tokens must be regulated by the regulatory authority.
Central bank digital currency (CBDC) across global economies appear to be inevitable, as central banks have been issuing their own pilot tests of CBDC.
The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).
China’s digital yuan pilot program is picking up speed.
The project will “explore if there is a future role for a wholesale CBDC in the Australian payments system,” according to the RBA.