There has been a widespread assumption that central bank digital currencies (CBDCs) would be built on blockchain — or at least the distributed-ledger technology (DLT) it’s based on. However, a growing number of central bankers and CBDC designers are casting doubt on the need for...
The Depository Trust & Clearing Corporation (DTCC) announced the launch of a new central bank digital currency (CBDC) project Tuesday (April 12). According to a DTCC news release, the company is developing the first prototype to examine how a CBDC “might operate in the U.S....
In a speech delivered on April 8, 2022 at Georgetown University, Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), expressed his views on the ideal architecture of stablecoins. This speech marked the end of a week where most public...
A new digital euro will offer more privacy for smaller transactions — though full anonymity is still apparently off the table, Coindesk wrote Monday (April 4). The officials announced as much after a meeting of European Union (EU) finance ministers from the currency bloc. There...
The Peoples’ Bank of China plans to expand its trial for digital yuan to include more cities, a report Saturday (April 3) from Bloomberg said. This comes because the market response was good toward the use of the central bank digital currency (CBDC) in both...
Beyond the “will they or won’t they” stage of central bank digital currencies (CBDCs) — where the questions are existential, and certain central banks mull issuing them at all — lie the regulations. Much of the regulatory landscape for CBDCs is being shaped beyond the...
On Monday (March 28), EU lawmakers proposed an anti-money laundering (AML) regime that would require identification and screening for any cryptocurrency or stablecoin transaction, no matter how small. Then on Wednesday (March 30), the other shoe dropped. A European Central Bank (ECB) unveiled a proposal...
In a speech before the European Parliament on Wednesday (March 30), Fabio Panetta, member of the board of the European Central Bank (ECB), said that several central banks around the world, including the Federal Reserve, the Bank of England (BOE) and the ECB, are discussing...
With new technology, especially with new payment methodologies, there are two heavy lifts — the technical infrastructure that makes it all possible, and then the adoption of new behaviors, the transformation of what could be into what is. News has come in recent days that...