If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who said Saturday (Oct. 26) that the central bank will continue to provide paper money “for as long as people want.” ...
Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a bit of a battleground. Price volatility continues unabated, and scams are still peppering the landscape, including the Monday (Sept. 23)...
If Australia creates a digital currency, it will likely be the wholesale, not retail, variety. That’s according to a report issued Wednesday (Sept. 18) by the country’s central bank, arguing that “a clear public interest case” for issuing a retail central bank digital currency (CBDC) in Australia...
The Bank of England (BoE) is conducting a new series of experiments with central bank digital currencies (CBDCs) for retail use. Citing growing innovations and risks in the payments industry, BoE said in a Tuesday (July 30) discussion paper that “central banks must be quick to...
September 05, 2023
As currency becomes increasingly digitized, more end users are able to reap its benefits, in turn feeding an underlying network effect of increased market participants and inclusion. “There are many technical benefits you have with a digital currency that you just can’t do with traditional money,” James Wallis, vice president of central bank engagement at enterprise […]
July 18, 2023
As you read this, the very nature of money is being interrogated and experimentally reshaped. “There’s a huge global trend going on right now into exploring the intricacies, complexities, difficulties...
May 19, 2023
To access central bank accounts in the European Union (EU) today, electronic money token (EMT) issuers, and by extension all electronic money institutions (EMIs), have no choice but to rely...
May 18, 2023
Innovations that transform the world historically rest on revolutionary, but above all viable, use cases. Utility is instrumental to adoption, and as money movement becomes increasingly digitized, central bank digital currencies...
October 28, 2024
If commercial banks don’t provide retail payments innovation, central banks should be prepared to offer a retail central bank digital currency (CBDC), Bank of England Governor Andrew Bailey said Saturday (Oct. 26). In a speech given at the Group of Thirty’s Annual International Banking Seminar in Washington, Bailey said commercial banks are the best home […]
October 27, 2024
If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who said Saturday (Oct. 26) that...
September 18, 2024
If Australia creates a digital currency, it will likely be the wholesale, not retail, variety. That’s according to a report issued Wednesday (Sept. 18) by the country’s central bank, arguing that “a...
July 30, 2024
The Bank of England (BoE) is conducting a new series of experiments with central bank digital currencies (CBDCs) for retail use. Citing growing innovations and risks in the payments industry,...
