Tag: CBDC

Gillian Tett writes in the FT column on how the Boston Fed and MIT are building an entirely new CBDC platform to displace existing cryptocurrencies. Later this month, the Federal Reserve holds its Jackson Hole meeting to discuss another big experiment: how soon can the Fed create an effective central bank digital currency (CBDC)? The…

Mastercard revealed plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). The company wants to play a role in all three vibrant crypto areas, according to the CEO. Mastercard’s CEO, Michael Miebach, provided an update of the company’s cryptocurrency plans during the earnings call on Thursday. He explained that…

The United Arab Emirates has included the development of a national digital currency (CBDC) as a point in the country’s Central Bank development strategy for 2023-2026. But the path there was not easy: initially, it was conceived of as a monetary unit for several Arab countries at once. In early July, it became known that…

The financial world is rapidly getting rebuilt using blockchain. China is ahead of its geopolitical rivals, having already adopted the digital yuan; and both businesses and private investors are putting billions in crypto and DeFi with zero central bank regulations. In these conditions, the Fed and the ECB are forced to accelerate. I confess that…

This is more of an assumption, but the progression of events, the documents being adopted, and the author’s own information sources all indicate that the state digital currency of the Union State of Russia and Belarus could arrive completely out of the blue. The dramatic events unfolding in Belarus since August of last year are…

This week, several central banks at once released announcements regarding national digital money. Financial regulators of Canada, India, and Nigeria made moves toward launching their own central bank digital currencies (CBDCs). The Central Bank of Nigeria (CBN) has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear…