CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

CBDCs Give Central Bankers Control When Cash Isn’t King Anymore

CBDCs Give Central Bankers Control When Cash Isn’t King Anymore
CBDCs Give Central Bankers Control When Cash Isn’t King Anymore
May 26, 2022  |  CBDC

Much has been made of the need for a digital dollar as a way of reinforcing the U.S. dollar’s role as the world’s reserve currency,...

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Fed’s Vice Chair Brainard Makes a Case for a US CBDC In Congress
Fed’s Vice Chair Brainard Makes a Case for a US CBDC In Congress
May 26, 2022  |  CBDC

Lael Brainard, Vice Chair of the Federal Reserve, will testify before the Committee on Financial Services in the U.S. House of Representatives on Thursday, May...

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Circle Tells Federal Reserve a CBDC ‘Could Destabilize’ Banking
Circle Tells Federal Reserve a CBDC ‘Could Destabilize’ Banking
May 25, 2022  |  CBDC

Circle has responded to a Federal Reserve paper Wednesday (May 25) about the possibilities of a U.S. central bank digital currency (CBDC), saying it could...

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Heyday or Doomsday? Regulators, Banks at Odds Over CBDCs
Heyday or Doomsday? Regulators, Banks at Odds Over CBDCs
May 24, 2022  |  CBDC

The Federal Reserve asked the public for its thoughts on the need for a central bank digital currency (CBDC), and the banking industry has answered...

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Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
May 23, 2022  |  CBDC

Wall Street lenders want the U.S. government to slow down on their plans for a digital dollar, Bloomberg reported Monday (May 23). Get the Full...

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G-7 Leaders Cold on Crypto, Warm on CBDCs
G-7 Leaders Cold on Crypto, Warm on CBDCs
May 23, 2022  |  Legal & Regulation

The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank...

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CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC Business
CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC...
May 23, 2022  |  CBDC

A digital euro could be as little as four years off, according to a top European Union official. Get the Full Story Complete the form...

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SWIFT to Test CBDC Ability to Facilitate Cross-Border Payments
SWIFT to Test CBDC Ability to Facilitate Cross-Border Payments
May 22, 2022  |  CBDC

SWIFT, the global provider of financial messaging services, is looking at tests to link various central bank digital currency (CBDC) networks for cross-border transactions, a...

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