Scores of central bank digital currency (CBDC) initiatives are in the works or already active — and yet pose some key concerns for central banks. In a paper released this week by the Bank for International Settlements, the warnings are that CBDCs could have “major...
The Bank of Korea plans to launch a pilot program for its retail central bank digital currency (CBDC) in the fourth quarter of 2024. The program will involve 100,000 selected South Korean citizens who will be able to use tokens in the form of CBDC issued by...
Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at a Harvard Law School event in Washington, Bowman said a digital dollar could pose significant risks and tradeoffs for the...
Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project (DDP). The organization announced Thursday (Aug. 3) it had wrapped a pilot study conducted in collaboration with Western Union, BDO...
September 09, 2022
A report that the Treasury Department is going to recommend the creation of a digital dollar right up to the point of deciding whether one is actually in the national interest is effectively recommending the creation of a U.S. central bank digital currency (CBDC). The news came from crypto industry news outlet CoinDesk, citing someone […]
October 04, 2021
In the United States, there will be no ban on cryptocurrencies — but one wonders what will become of central bank digital currencies, in particular the digital dollar, when (perhaps...
September 11, 2020
To get a sense of how widespread the interest is, Fed Governor Lael Brainard said in August the Boston Fed was teaming up with MIT to explore the infrastructure that...
September 17, 2024
New research shows that 134 countries are exploring central bank digital currencies (CBDCs). Those countries account for 98% of the world’s economy, according to findings released Tuesday (Sept. 17) by think tank Atlantic Council. The latest figures show that all G20 countries are looking into CBDCs, with 44 countries piloting the digital currencies, up from 36 last […]
November 30, 2023
The Bank of Korea plans to launch a pilot program for its retail central bank digital currency (CBDC) in the fourth quarter of 2024. The program will involve 100,000 selected South Korean...
October 17, 2023
Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at a Harvard Law School event...
August 03, 2023
Could a central bank digital currency (CBDC) help America’s unbanked population? It appears that way, according to a new report by the Digital Dollar Project (DDP). The organization announced Thursday...
