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Jerome Powell, Chairman of the Board of Governors of the US Federal Reserve, participated in a virtual panel today hosted by the International Monetary Fund (IMF) on the topic of Central Bank Digital Currency (CBDCs). Powell said the Fed is committed to considering a CBDC
Central bank digital currencies (CBDCs) have been touted as the future of money, with central banks seriously considering the creation of a digital version of their respective country’s sovereign currency. Digital finance is a future reality which cannot be avoided, but some countries are further along the development journey than others are, while countries such as Australia have flat out denied the need for a digital AUD in the future.
The Bank of Canada is looking for an economist who has experience working with digital currencies and Fintech platforms.
The winning candidate's primary task will be to monitor the latest developments related to electronic money, but also research “the development of a CBDC”
Five Russian Banks will participate in the pilot test for the Bank of Russia’s proposed Digital Rubble following the release of its public consultation report.
A senior Bank of Japan official has argued that no single virtual currency will dominate global transactions.
Spain’s Central Bank mentioned that it would study the design proposals and economic implications of a CBDC in the country.
Bank of Japan's Kazushige Kamiyama has revealed that the country’s proposed central bank digital currency will enhance the country’s settlement system.
Talk of CBDCs and Facebook's Libra headlined this week's policy news, as international organizations weigh in on both.
Meltem Demirors: CSO at CoinShares says cryptocurrency is "inevitable" and we might see many bad policies from lawmakers.
Bank of Canada has said token-based approach is its preferred method, but authors warn of risks
Power Finance, led by a former PwC partner, plans to launch a New Zealand digital dollar stablecoin early next year.
The Central Bank of the Bahamas (CBOB) has says it wants its digital currency dubbed the Sand Dollars integrated with other countries' currency.
The first pilots of Russia’s digital currency are expected to launch in H1 2021.
Japan's policymakers appear disconcerted by the advancement in China's CBDC initiative.