News
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape.
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CBDC News
A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020, with numerous countries expressing interest in their own versions of the asset type. Some countries pushed faster than others toward their own native digital currency. China, for example, moved quickly toward the prospect of its own CBDC, called the digital yuan.
The Bahamas burst on the central bank digital currency market in 2020 with the first CBDC. Called the Sand Dollar, the country’s CBDC is a national digital currency for the region, holding the same value as the Bahamian dollar. CBDCs differ from crypto-native stablecoins put out by crypto industry entities. Such stablecoins aim to track the value of underlying assets, such as the U.S. dollar, although the stablecoins themselves are not official regional currencies and are often overseen by companies.
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Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.
7308 - Newsletter
Debt ceiling uncertainty erodes trust in the dollar, the DOJ announces the National Cryptocurrency Enforcement Team and the SEC investigates Circle.
4567 - Opinion
Blockchain technology promises to be the foundational network layer for many systems underpinning successful smart cities.
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Hedge fund manager Ken Griffin singled out crypto as a threat to the U.S. dollar and stated, “I wish all this passion and energy that went to crypto was directed towards making the United States stronger.”
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Kristalina Georgieva said that stablecoins "fill the digital gap in privately issued money," but labeled Bitcoin and other cryptocurrencies as assets rather than a form of money.
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As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation.
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A new study from Hong Kong regulators is expected to present initial thoughts and findings on CBDCs during the summer of 2022.
2614 - Opinion
In coexistence with mutual benefits, decentralized finance and central bank digital currencies will finally make money universally available worldwide.
16316 - News
eNaira will continue to circulate alongside its fiat counterpart, promising a faster, cheaper and more secure option for monetary transactions.
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The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.
15895 - News
“We are looking at it and evaluating the best ways to interact and participate in this ecosystem,” a B3 executive said.
3259 - News
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.
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Powell testified before the House Financial Services Committee on Thursday on matters related to the economy and the COVID-19 pandemic.
11253 - News
Visa’s new blockchain interoperability project is designed to serve as a “network of blockchain networks.”
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