A new Treasury Department report argues that banks’ fears that a digital dollar would lead to the loss of depositors and even bank runs is overblown. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Banque de France (BDF) Governor François Villeroy de Galhau said the BDF has kicked off the second phase of experimentation into a wholesale central bank digital currency (CBDC), which could be used to streamline domestic and cross-border transactions between banks. Get the Full Story Complete...
Bank of England (BoE) Deputy Governor Jon Cunliffe said Wednesday (July 6) during a panel discussion that any proposed digital pound would likely be managed through some sort of account rather than working like cash or banknotes, Bloomberg reported. Get the Full Story Complete the...
Most of the central banks in western countries have formally adopted a neutral position when it comes to the decision of whether to issue a retail Central Bank Digital Currency (CBDC). The Federal Reserve, the Bank of England and the European Central Bank (ECB), just...
The Bank for International Settlement has its “2022 Annual Economic Report” coming out next week and wanted to highlight its opinion of cryptocurrencies, releasing that chapter ahead of time on June 21. Get the Full Story Complete the form to unlock this article and enjoy...
Anything that crypto can do, central bank digital currencies (CBDCs) can do better. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
A central bank digital currency (CBDC) would help boost the long-term strength of the U.S. dollar, the chair of the Federal Reserve said Friday (June 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A trade group representing the banking industry is urging European Union officials exploring the creation of a digital euro to proceed slowly and carefully. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
UBS Chief Executive Ralph Hamers told an audience at a student educational forum in Milan Tuesday (June 14) that transaction in digital euro could be “fast and cheaper,” Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
