XRP touted as ideal for CBDC settlements in Fed Q
U.S. Federal Reserve representatives recently enquired on potential solutions for supporting central bank digital currency (CBDC) settlements, with Ripple’s XRP named as one of the potential options.
CBDC
IMF’s Georgieva unveils CBDC handbook: A guide for policymakers to explore CBDC’s potential to improve global finance
JUST IN: šØ IMF chief Kristalina Georgieva launches a CBDC handbook as a guide for policymakers around the worldāļø It states CBDC’s “could improve financial inclusion by providing rapid, accurate credit scoring based on various […]
Visa, Mastercard to play role in domestic CBDCs? š¤ š¤©
DAN: Visa and Mastercard are two of the most ā¢widely used payment methods in the world. As such, they areā likely to play a role in the development of domestic ā¢centralā bank digital currenciesā (CBDCs). […]
Cynthia Lummis: Bitcoin is the CBDC’s antithesis.
Cynthia Lummis, Wyoming’s U.S. Senator-elect, believes Bitcoin is a better alternative to Central Bank Digital Currency (CBDC). She advocates for more private investment in Bitcoin and blockchain technology, and sees it as providing greater control and autonomy than CBDCs.
Digital euro CBDC won’t be as private as cash: Lagarde warns.
Digital euro CBDC won’t be as private as cash: Lagarde ā£warns The European Central Bank (ECB) President Christine Lagarde has warnedā that the digital euro, the central bank ādigitalā currency (CBDC) āproposed by the ECB, […]
CBDC Anti-Surveillance Act Passes Out of Financial Services Committee
The US House of Representatives’ Financial Services Committee passed the CBDC Anti-Surveillance Act today, a landmark legislation that seeks to protect user data from government intrusion.
GOP bill seeks to block Fed’s digital dollar plans.
Rep. French Hill (R-AR) has recently proposed a bill that seeks to bar the Federal Reserve from issuing a digital dollar, an effort to stave off potential regulation and surveillance of US citizens.
Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
Fed Vice Chair Barr has provided an update on the central bank’s research into issuing a digital currency. He has also urged swift advances in stablecoin legislation.
Jamaican drivers ready to accept Jam-Dex CBDC as taxis go digital.
As Jamaica enters the age of digital payments, local taxi drivers are gearing up to embrace the island’s new digital currency, the Jam-Dex. Drivers will now be able to accept payments quickly, securely, and easily without the need for cash.
Australia’s central bank says CBDC likely years away.
Australia’s central bank has stated that the introduction of a central bank digital currency (CBDC) is unlikely to happen in the near future. The monetary authority cited the need to study potential risks and benefits before it pursues such a project.