Bank of Japan Puts Top Economist in Charge of Digital Yen Initiative
The central bank’s most senior economist now runs the department responsible for the digital currency task force and working group with other central banks.
Czech Central Bank Board Member Criticizes CBDCs as ‘Helicopter Money’
The Czech National Bank’s Tomas Holub said in an interview that central bank digital currencies raise more questions than answers right now.
Bank of Japan Forms New Team to Explore Central Bank Digital Currency
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen.
Bank of England Considering a Central Bank Digital Currency, Governor Says
The U.K.’s central bank is discussing the possibility of launching a digital currency, perhaps in several years.
Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday’s Hearing – CoinDesk
Not every U.S. lawmaker is on board with the idea of a central bank digital currency (CBDC) or digital dollar, but no one explicitly rejected …
BIS Plans New Central Banking Fintech Research Hubs in Europe, North America – CoinDesk
The Bank for International Settlements (BIS) will establish four additional “Innovation Hub” branches – in Toronto, Stockholm, London and a joint location for Paris and …
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Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday – CoinDesk
The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing …
Blockchain Bites: Rethinking Libra, Craig Wright and Something Smells Fishy in Blockchain – CoinDesk
Top financial authorities are rethinking what a “basket-backed” stablecoin means for monetary sovereignty. The Bank for International Settlements (BIS) issued a new report claiming stablecoin …
CBDC Issuance Is ‘Not a Reaction’ to Libra, Says Central Bank Body – CoinDesk
The Bank for International Settlements (BIS), the so-called bank for central banks, rejected the popular narrative that private sector stablecoin proposals (read: Libra) have been …
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BIS Expects COVID-19 Crisis to Boost CBDC Development Worldwide
The Bank for International Settlements (BIS) expects the COVID-19 crisis’ impact on retail payments to have a knock-on effect on the development of central bank …
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