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The Reserve Bank of New Zealand opened a new consultation period on a central bank digital currency (CBDC) on April 17.
The current stage of development seeks input on “high-level design options for digital cash.
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The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain.
The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering while modern-day robber barons get fat off a 21st-century Gilded Age or roaring Twenties.
Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version.
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SWIFT said on March 25 that it discovered several applications for its central bank digital currency (CBDC) solution following a successful six-month test.
The company did not create its own CBDC but instead developed an interlinking solution for existing CBDCs — dubbed the SWIFT connector.
The European Central Bank is pushing ahead with plans to launch a digital euro, aiming to provide a pan-European digital payment solution that complements cash, according to Piero Cipollone, Member of the Executive Board of the ECB.
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US Federal Reserve Chair Jerome Powell told lawmakers that the regulator remains far from adopting or even recommending a central bank digital currency (CBDC).
Powell made the statement during a March 7 Senate Banking Committee hearing on monetary policy.
A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC), spotlighting the issue as a potential focal point in the 2024 presidential campaign discussions.
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In a recent meeting with the European Parliament’s Committee on Economic and Monetary Affairs, Piero Cipollone, a member of the ECB Executive Board, discussed the forthcoming digital euro, specifically its privacy features, infrastructure procurement, and operational standards.
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The Philippines central bank, or Bangko Sentral ng Pilipinas, is preparing to launch a Central Bank Digital Currency (CBDC) in the next two years to counter the rising use of crypto in the country, according to local media reports.
Central Bank Governor Eli Remolona Jr. announced the plan on Feb.
The Bank for International Settlements (BIS) has issued a stark warning about the potential for fragmentation and the risk of dominance by private firms within the nascent metaverse, emphasizing the crucial role of public policies in safeguarding this digital ecosystem’s future.
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Former President Donald Trump expressed significant concerns about central bank digital currencies (CBDCs) and advancements in artificial intelligence (AI) during an interview on Fox’s Sunday Morning Futures.
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