Banque de France Officials Embrace CBDCs as Cornerstone of New International Monetary System

Officials from Banque de France have endorsed the global perspective on central bank digital currencies (CBDCs), describing them as the cornerstone of a new international monetary system. In a speech delivered on October 3, Denis Beau, the First Deputy Governor at Banque de France, referred to CBDCs ...

mBridge Cross-Border CBDC Project Progresses Toward MVP Launch

The mBridge project, which focuses on cross-border central bank digital currencies (CBDCs), is making progress toward its minimum viable product (MVP) launch. The project has recently announced plans to onboard new participants, potentially including central banks from Southeast Asian countries. Cur ...

Hong Kong Nears Completion of Stablecoin Regulations, Set to Unveil Framework by 2024

Hong Kong is progressing towards the development of stablecoin regulations, with the final guidelines expected to be unveiled by 2024, as per disclosures by legislator Duncan Chiu. Over the past two years, Hong Kong has been diligently crafting regulations for stablecoins, with the Hong Kong Monetar ...

Crypto | Verse Conference: Exploring the Prospects of Cryptocurrencies and Blockchain Technology in Ukraine

In one week in Ukraine there will be Crypto | Verse Conference - an event in the Ukrainian market, which will be a platform for discussing the prospects of cryptocurrencies, their benefits for business and financial inclusion, the use of blockchain technology and CBDC, NFT, decentralized finance ...

Neel Kashkari Questions Effectiveness of Central Bank Digital Currencies

Federal Reserve Bank of Minneapolis President Neel Kashkari has spoken out strongly against central bank digital currencies, questioning whether they can improve the speed and efficiency of payments. Neel Kashkari noted that the topic of launching a digital dollar has recen ...

North Carolina House of Representatives Passes Bill Prohibiting Payments in CBDCs

The North Carolina House of Representatives passed a bill that would prohibit commercial companies and government agencies and accept payments made in central bank digital currencies (CBDCs). In the debate preceding the vote, parliamentarians agreed that CBDCs are "the co ...

IMF Plans to Start with Wholesale CBDCs Only for Financial Institutions

IMF Managing Director Kristalina Georgieva acknowledged the role of CBDC But plans to start with wholesale types This CBDC is only for dealing with financial institutions IMF Managing Director Kristalina Georgieva spoke at the Milken Institute Global ...

Morgan Creek Capital CEO Mark Yusko Talks about Cryptocurrency Adoption

During a recent Tech Path Crypto podcast, Mark Yusko, the CEO of investment firm Morgan Creek Capital, discussed his thoughts on the global adoption of cryptocurrency. One of his concerns was that the vast majority of bitcoins, around 80%, are held outside of the United States, with Americans onl ...

Italian Banking Association Ready to Support Digital Euro Introduction

The ABI, or Italian Banking Association, has recently stated that it is fully prepared to support the digital euro's introduction, as long as it doesn't displace them from the banking system. As early as 2020, the Association of Italian Commercial Banks, which has over 700 members, has been backi ...