After Pix and Open Finance, the central bank of Brazil is closing in on the launch of Drex, its central bank digital currency.
According to a recent survey by the Bank of International Settlements, over 70 percent of central banks are studying central...
The Digital Dollar Project is a group headed by Christopher Giancarlo, the former head of the Commodity Futures Trading Commission...
The economic stimulus that was just agreed upon ultimately did not include a digital dollar but the idea was in...
Around the world cash usage is on the decline as governments from India to Kenya to Sweden promote cashless payments...
Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve...
Federal Reserve Bank of New York President William Dudley said the U.S. central bank is starting to think about adopting its own digital currency; while talks are in their infancy Mr. Dudley does see the value in the technology behind bitcoin; he doesn’t see bitcoin being a rival to the dollar as it is currently to unstable. Source.
The People’s Bank of China has recently launched a trial version of their digital currency which they hope will reduce...
The world's oldest central bank is now looking to the future; Riksbank is looking to issue a national digital currency as they have seen a 40% drop in use of notes and coins since 2009; they do not view the digital currency as a replacement for notes; the new currency would be viewed as complementary; challenges lie ahead as there is no blueprint for this; Cecilia Skingsley, deputy governor at the Riksbank, told the Financial Times, "This is as revolutionary as the paper note 300 years ago. What does it mean for monetary policy and financial stability? How do we design this: a rechargeable card, an app or another way?" Source
One of the byproducts of the current crisis is governments around the world have started to really think about digital...