Federal Reserve Soon to Release Report on CBDC Launch, Says Jerome Powell
Jerome Powell – the active chair of the Federal Reserve – says they have begun studying whether to launch their own digital currency and will soon be releasing a paper…
Auto Added by WPeMatico
Ripple Partners with Bhutan’s Central Bank to Pilot a CBDC
The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to…
New decentralized stablecoin in China targets international trade
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.
Ripple is helping Bhutan pilot a CBDC
The company claimed its CBDC solution would allow Bhutan's central bank to deploy a digital ngultrum "without compromising financial stability or monetary policy objectives.”
HSBC CEO backs CBDCs against crypto and stablecoins
Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level.
Central bank of Ukraine to promote ‘fair’ Bitcoin regulation
Crypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said.
New Crypto Aims to Solve ‘Zimbabwe’s Money Problems Using Blockchain Technology’
The Zimbabwean currency’s collapse in 2008 and record hyperinflation are widely seen as textbook examples of what can go wrong with a centralized currency. For instance, some cryptocurrency enthusiasts —…
Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform
The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will…
Turkish central bank taps local tech firms for digital currency R&D
The Central Bank of the Republic of Turkey has signed agreements with various firms to form the Digital Turkish Lira Collaboration Platform.
Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document
The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of…