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FED Chair Jerome Powell Proposed Wholesale CBDC Implementation Could Bypass Congress
In a recent House Committee on Monetary Policy hearing, Federal Reserve Chair Jerome Powell proposed that the implementation of wholesale...
Read moreLATEST NEWS
Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar
A recent top economic adviser for President Joe Biden, Daleep Singh, told U.S....
The Rise of CBDCs: Why San Francisco’s Recent Move Matters?
San Francisco to hire a CBDC developer signals progress in digital currency development...
NY Fed launches 12-week CBDC pilot program with major banks
The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that...
US President Biden announces pick for FDIC chair
United States President Joe Biden announced he would be nominating Federal Deposit Insurance...
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WeChat, China’s Most Popular App, Adds Support for Digital Yuan
WeChat, the world’s biggest super app with more than 1.2 billion users, is now supporting digital yuan (e-CNY) payments through...
Read moreANZ to Trial Offline CBDC Payments Via Smart Cards
ANZ is partnering with two universities to trial offline CBDC payments via smart cards that can be loaded with funds...
Read moreAustralia Will Need to Keep Pace with Digital Currencies Around the World
Many major central banks want to introduce their own digital currencies this decade as public money in the form of...
Read moreChina’s Digital Yuan Sees Dismal Adoption in Hong Kong
China’s push to become the world’s central bank digital currency (CBDC) leader continues to face hurdles, with the latest being a failed...
Read moreIran Completes Central Bank Digital Currency’s Pre-pilot Phase
Iran is making progress with its plans for a central bank digital currency (CBDC), having finished the necessary research for...
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Hub and Spoke Transfers Boost Cross-Border Retail CBDC, According to BIS
According to a report on Monday, the Bank for International Settlements, an association of the top central banks in the...
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U.S. Treasury Continues to Evaluate CBDC Design Options and Policy Issues
The U.S. Treasury Department is still considering different aspects related to the introduction of a digital currency controlled by the...
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Ripple Using XRP Ledger Code To Create Private Blockchains for CBDCs
According to a recent tweet, Ripple is currently working on deploying private blockchains of the XRP Ledger (XRPL) code to...
Read moreReserve Bank of Australia Explores CBDC Use Cases As It Plans ‘Live Pilot’
The Reserve Bank of Australia (RBA) has announced that it will commence a “live pilot” for a central bank digital currency (CBDC),...
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Ripple Pursues CBDC Development, In Talks With 20+ Central Banks
Ripple Labs, a leader in blockchain payments, continues to expand its services and partnerships to improve cross-border transactions. The company...
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