central bank digital currencies

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 ...

The Federal Reserve is scheduled to make its Interest Rate Decision on Thursday, September 21, accompanied by a press conference. Currently, the Chicago Mercantile Exchange (CME) suggests a 99% likelihood that the Fed will maintain its existing interest rates. However, the focus will be on the Feder ...

The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from N ...

Ripple announced the launch of a platform for creating and transacting state central bank digital currencies (CBDC). The Ripple CBDC Platform was created specifically for central banks, governments and financial institutions. It runs on a ...

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 ...

Bank of England Governor, Andrew Bailey, has emphasized the importance of creating a clear legal framework for central bank digital currencies and stablecoins. Bailey stated that central bank digital currencies will become a significant part of the financial system, but they should not replace tr ...

According to Jeffrey Sachs, a renowned economics professor and the director of the Columbia University Center for Sustainability, state-backed digital currencies will eventually replace the US dollar in the payment sphere. Sachs emphasized that up to 60% of foreign trade settlements are presently ...

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 ...

Christopher Giancarlo, the former chairman of the US Commodity Futures Trading Commission, has raised concerns about the potential for central bank digital currencies to infringe upon privacy rights and violate existing anti-money laundering rules and Know Your Customer procedures, which he believes ...