CBDCs
Bank of Russia Plans Prototype for Its Digital Ruble Design in December
The digital ruble will live in a hybrid technological platform combining distributed ledger technology and centralized control by the central bank.
China, the Convenient Foil
Peter Thiel is both right and wrong in calling bitcoin a tool that could empower China and challenge the U.S. dollar.
Crypto Won't Be Money Until IRS Accepts It for Taxes, Top Forex Strategist Says
The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.
The Real Trouble With Cross-Border Payments
Blame governments, not technology, for costly and inefficient international payments. But private cryptocurrencies could help.
Does the Rise of Bitcoin Signal the Decline of the Dollar?
As bitcoin’s valuation soars, some in the crypto world believe the U.S. dollar is on the decline, but Marc Chandler, of Bannockburn Global Forex, disagrees. Chandler explains his position in the crypto vs. fiat debate, why he sees crypto as “private fiat,” and how CBDCs will change the crypto ecosystem.
Thai Central Bank to Pilot Its Retail Central Bank Digital Currency in 2022: Report
Thailand’s central bank is open to accepting public feedback on its retail CBDCs by June 15.
Central Bank 'Money Drops' With Digital Currencies Could Fuel Inflation: Bank of America
CBDCs could facilitate central bank stimulus in the form of money drops, and lead to higher inflation, says BofA.
Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'
Bank of International Settlements General Manager Agustin Carstens pushed back against claims that China's digital yuan would give the country a "first mover advantage" in the world of CBDCs. Though Carstens didn't directly name China, his speech challenged "overblown" rhetoric that any one CBDC would become the world's reserve currency based on "digital nature alone." Nik De breaks it down.
Eastern Caribbean Central Bank Digital Dollar Rollout Begins Wednesday
The Eastern Caribbean Central Bank launched its central bank digital currency (CBDC) rollout Wednesday, allowing people in Eastern Caribbean islands to spend and earn money in DCash, a digital version of the Eastern Caribbean dollar. We hear from Brian Popelka of Bitt, a key partner in the project.
Digital Yuan Won’t Give China ‘First-Mover Advantage’ With CBDCs, BIS Chief Says
"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.
