CBDC

CBDC

Policy

Small Digital Euro Payments Won’t Need Laundering Checks, ECB Official Says

The proposals regarding the potential future central bank digital currency come as lawmakers prepare to scrap anonymous bitcoin payments.

BRUSSELS, BELGIUM - JANUARY 20, 2020 : Italian member of the European Central Bank's executive board Fabio Panetta (L) and the President of the European Central Bank (ECB) Christine Lagarde (R) are waiting prior an Eurogroup Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on January 20, 2010, in Brussels, Belgium. The International Monetary Fund (IMF) will present the main findings of its euro area Article IV interim mission. he Eurogroup will discuss the updated draft budgetary plan of Portugal for 2020, on the basis of a Commission opinion. The outcome is expected to be reflected in a Eurogroup statement. The Commission will present its proposal for the draft recommendation on the economic policy of euro area for 2020, published on 17 December. Ministers will have a first exchange of views on the proposal. The Council addresses annual recommendations on economic policy to the euro area as part of the European Semester. (Photo by Thierry Monasse/Getty Images)

Finance

Fintechs See Strongest Payments Challenge From Stablecoins and CBDCs, Not Bitcoin: Cowen

The team at Cowen recently held fireside chats with executives from PayPal and Visa, among others.

Close up of a woman's hand paying with her smartphone in a cafe, scan and pay a bill on a card machine making a quick and easy contactless payment. NFC technology, tap and go concept

Policy

US Lawmakers Introduce 'ECASH' Bill in New Push to Create a Digital Dollar

The e-cash would be a digital analogue to the greenback and could preserve privacy and anonymous transactions, according to an adviser on the bill.

Rep. Stephen Lynch (D-Mass.) (Bill Clark/Getty Images)

Policy

Honduras’ Central Bank Debunks Bitcoin as Legal Tender Rumors

The BCH is, however, studying the feasibility of a central bank digital currency.

Honduras's flag (Hector Emilio Gonzalez/Unsplash)

Policy

UK, US Regulators Call for ‘High Levels’ of Global Collaboration in Overseeing DeFi

The Fed is sharing its analysis on central bank digital currencies (CBDC) with six other central banks at the BIS, said Chair Jerome Powell.

Fed Chair Jerome Powell (Samuel Corum/Getty Images)

Policy

Crypto Remains a Threat: ECB Chief Christine Lagarde

Crypto service providers are accomplices to circumventing Russia sanctions, Lagarde said during an appearance at the Bank for International Settlements’ Innovation Summit on Tuesday.

ECB President Christine Lagarde (Alex Kraus/Bloomberg via Getty Images)

Policy

Cross-Border CBDC Payments Are 'Viable,' Says Report From Central Banks of Australia, Malaysia, Singapore and South Africa

The four central banks are working on a project that will develop and test shared platforms for international settlements with multiple CBDCs.

(Getty Images)

Policy

China’s Digital Yuan Targeted in New Bill From 9 GOP Senators

The Say No to the Silk Road Act stems from not only the well-known privacy concerns around the Chinese CBDC, but also from worries it could be a tool to evade sanctions.

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Opinion

Executing on Biden's Crypto Executive Order

Coordinating a "whole-of-government" approach will be difficult.

The White House (Rene Deanda/Unsplash, modified by CoinDesk)

Policy

ECB’s Lagarde Supports Acceleration of Digital Euro Work

Concerns over crypto’s role in evading sanctions have prompted regulators worldwide to speed up efforts in the sector.

European Central Bank (ECB) President Christine Lagarde (Ronald Wittek/Getty Images)