CBDC
Circle Asks US Fed Not to Step on Its Toes by Launching a Digital Dollar
USDC stablecoin issuer Circle is arguing the U.S. Federal Reserve should pass on launching a central bank digital currency (CBDC) because the public is already served well by private-sector tokens. Meanwhile, Fed Vice Chair Lael Brainard said CBDCs could coexist with stablecoins. "The Hash" panel discusses the latest in the world of stablecoins and CBDCs as they continue to collide.
Fed Vice Chair Lael Brainard Says CBDC Could Coexist With Stablecoins
A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee on Financial Services on Thursday.
Wall Street: Fed Digital Dollar Spells Destruction for Banks
As the U.S. Federal Reserve considers launching a central bank digital currency (CBDC), Wall Street bankers are sounding the alarm about the potential dangers of doing so. “The Hash” team discusses the utility of CBDCs and their privacy implications amid a global race to digital money.
At Davos, Crypto Is No Longer on the Outside
Cryptocurrencies have taken a prominent role at the World Economic Forum’s annual meeting in Davos, despite the mainstream finance world’s apparent contempt for the sector.
ECB’s Panetta: Digital Euro Could Come Out Within 4 Years
Peer-to-peer payments could be a first test case, though no final decision has been made yet.
Chilean Digital Peso Would Need to Work Offline, Central Bank Governor Says
Design principles are due out later this week, though no final decision has been taken on the digital peso.
Dr. Doom’s Crypto Embrace? We’re All Just Figuring Things Out
Bitcoin skeptic Nouriel Roubini’s development of a digital currency with Dubai’s Atlas Capital is the latest evidence of an industry that is still evolving.
The Bahamas’ ‘Sand Dollar’ Needs Improved Cybersecurity, IMF Says
The CBDC represents just a tiny fraction of the available currency in the Caribbean nation, the international organization noted.
Survey: 9 Out of 10 Central Banks are Exploring CBDCs
According to a survey conducted in 2021 by the Bank for International Settlements, nine out of ten central banks globally are exploring central bank digital currencies (CBDC), with more than half of them currently developing the asset or running concrete experiments.
