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...
TerraUSD, one of the largest stablecoins in crypto, may have escaped a classic bank-run-style death spiral Monday night (May 9) thanks to a massive cash...
Lael Brainard, governor of the Federal Reserve System, in a speech at the U.S. Monetary Policy Forum in New York on Friday (Feb. 18), reiterated...
Lael Brainard, a member of the Federal Reserve’s board of governors, said the rapidly changing digital finance world, with its decentralized focus, will necessitate the...
The European Central Bank (ECB) has announced the 30 people to be on its Market Advisory Group for its digital euro project, according to a...
The Bank of Jamaica (BOJ) minted the first installment of what’s expected to be 230 million JMD (nearly $1.5 million) in central bank digital currency...
New legislation passed by the Ukrainian parliament addressed central bank digital currency (CBDC) and determined that it was functionally equal to cash or other payment...
U.S. Federal Reserve Vice Chair for Supervision Randal K. Quarles called the global rush to roll out central bank digital currencies (CBDC) akin to the...
In today’s top news, PayPal is planning a cross-border digital wallet in China, and Visa and TripActions have partnered on digital travel expense management. Plus,...