CBDC

CBDC
US House Passes Bill Requiring Congressional Authorization for CBDC
May 24, 2024

The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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India Proposes CBDC That Can Function Offline
May 06, 2024

India’s central bank wants its digital currency to be available without internet access. 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....

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ECB Official: Central Banks Must ‘Speed Up’ CBDC Adoption
May 06, 2024

Bundesbank’s president said central banks must speed the adoption of digital currency to remain viable. 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,...

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Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial Markets
May 06, 2024

The Swiss National Bank (SNB) is conducting a pilot project that has used wholesale central bank digital currency (CBDC) and successfully settled four tokenized bond issuances and one secondary market transaction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Swiss National Bank Chairman Says Retail CBDC Too Risky
April 08, 2024

Swiss National Bank (SNB) Chairman Thomas Jordan said Monday (April 8) that the risks of a central bank digital currency (CBDC) issued to the general public would outweigh any potential benefits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Swift Finds Connector Can Enable Wide Range of CBDC Transactions
March 25, 2024

Swift has released the results of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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Fed’s Jerome Powell Says ‘Nowhere Near’ Moving Forward With CBDC
March 07, 2024

In testimony before Congress, Federal Reserve Chairman Jerome Powell said that the idea of the United States adopting a central bank digital currency (CBDC) is far from being realized.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Hong Kong Kicks Off Wholesale CBDC Project
March 07, 2024

Hong Kong’s central bank has launched a wholesale central bank digital currency (wCBDC) project. 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...

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GOP Pushes to Ban CBDCs Over Privacy Concerns
February 27, 2024

Five Senate Republicans have introduced legislation that would block the digital dollar. 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. By...