It’s time for China to frame a legal blueprint for the digital yuan that clearly defines and outlines acquisition, use, risks, privacy, control and other details that clarify how it will operate nationwide, according to a state bank official on Monday (March 7). Get the...
The U.S. is in a quiet phase of its decision on whether to build and issue a central bank digital currency (CBDC), with the initial reactions to its long-awaited digital dollar report having been heard and the Federal Reserve having made clear that it won’t...
Israel’s central bank says that a national digital currency is unlikely to harm the country’s banking system. 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...
The Bank of Jamaica (BOJ) has rolled out the name for its central bank digital currency (CBDC), which will now be known as the Jamaica Digital Exchange, or Jam-Dex, the Caribbean website Loop reported Friday (Feb. 18). Get the Full Story Complete the form to...
The quest for a digital dollar plodded along this week, with the Boston Fed and Massachusetts Institute of Technology’s (MIT) Digital Currency Initiative announcing results of a speed test of a potential U.S. central bank digital currency (CBDC) reaching 1.7 million transactions per second. Get...
Would a central bank digital currency (CBDC) issued by the Federal Reserve Bank be a solution in search of a problem? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Taiwan is moving straight ahead on the introduction of retail central bank digital currency (CBDC), LedgerInsights.com reported. 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...
In a speech Monday (Feb. 14), Mu Changchun, the head of China’s digital yuan project, said the cryptocurrency has not had a very big impact on the country’s financial sector so far. Get the Full Story Complete the form to unlock this article and enjoy...
The introduction of Libra, Facebook’s attempt at digital currency in 2019, energized digital asset proponents who said the new technology would transform the banking landscape with a blockchain-based stablecoin payment and cryptocurrency network. Get the Full Story Complete the form to unlock this article and...