Brainard tells House committee about potential role of CBDC, future of stablecoins

2022-5-27 23:18

The Fed vice chair told the House Financial Services Committee that a CBDC offers stability, interoperability in increasingly complex economic system.

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cbdc committee house stability offers services system

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Источник: cointelegraph.com

cbdc committee → Результатов: 14

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 of Financial Services on Thursday.

2022-5-27 18:42	policy
could stablecoins brainard cash front say house

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UK Economic Affairs Committee unconvinced by prospect of retail CBDC

A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar.

2022-1-14 16:29
cbdcs inclusion financial greater raises dollar descending

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U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says

Speaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies. According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing laws.

2021-10-3 20:07	Stablecoins
cryptocurrencies powell reserve federal chairman ban digital

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US Senators Want American Athletes to Boycott Digital Yuan At Winter Olympics

Senators in the United States do not want American athletes to use China's central bank digital currency (CBDC) at the 2022 Beijing Winter Olympics. US Senators Say Digital Yuan Use Can Infringe Privacy US Senators Cynthia Lummis, Marsha Blackburn, and Roger Wicker, in an open letter to the US Olympic and Paralympic Committee chair, want […] The post US Senators Want American Athletes to Boycott Digital Yuan At Winter Olympics first appeared on BitcoinExchangeGuide.

2021-7-21 23:12	CBDC
senators digital want winter olympics yuan american

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The CBN Says Nigeria Will Have a Digital Currency Before End of Year

Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […]

2021-6-12 04:30
currency digital nigeria cbn year central bank

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Why Australia's central bank isn't buying the public policy case for CBDC launch

In a recently published report, Australia’s Senate committee on Technology and Finance laid down several recommendations for the government on the question of smart contracts, data standards, and thThe post Why Australia's central bank isn't buying the public policy case for CBDC launch appeared first on AMBCrypto.

2021-4-30 13:30	News
australia bank launch case cbdc policy buying

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Bank Of Japan Committee for CBDC Experimentation a ‘Necessary Step’

In a release dated March 26, 2021, the Bank of Japan (BoJ) announced the formation of a new committee to oversee experiments related to central bank-issued digital currencies (CBDC). The central bank said that it will conduct its CBDC research in three phases.

2021-3-26 15:00
bank cbdc japan central committee bank-issued currencies

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China and Japan go full steam ahead with CBDC pilots

Asia’s largest economies are pushing forward with their respective CBDC trials, with six Chinese banks offering digital wallets and Japan establishing a new committee.

2021-3-27 07:33
cbdc japan banks chinese six respective trials

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Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency

The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The […]

2020-7-30 21:21	CBDC
digital currency central bank philippines bsp interest

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Philippines Central Bank Becomes the Latest to Consider Issuing a CBDC

The Philippine central bank has confirmed in a virtual briefing that it has formed a committee to look into issuing a digital currency.

2020-7-30 18:58	Technology
issuing central bank formed committee currency digital

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CFTC Tech Advisory Meeting Features Possible Fed-backed CBDC Scenarios

The CFTC Technical Advisory Committee (TAC) discussed a Fed-backed digital currency in the latest remote meeting which it held last week. This comes as more jurisdictions move to consider CBDC's following China's progress in this space and the COVID-19 pandemic that has since raised the need for digital money.

2020-7-24 18:59	CBDC
cbdc cftc fed-backed digital meeting advisory covid-19

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Central Bank Digital Currency Touted as Solution to US Economic Overhaul

Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday. The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US economic model. Taking the […]

2020-7-1 15:13	United States
central cbdc economic digital currency bank discussed

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South Korea Set Up Committee to Study Regulatory Obstacles for Potential CBDC Project

South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC).

2020-6-16 19:07	South Korea
bank korea regulatory cbdc central committee set

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European Central Bank Executive Backs Central Bank Digital Currencies

In his speech published May 27, 2019, Vitas Vasiliauskas, a Governing Council member of the European Central Bank, highlighted the benefits of a central bank digital currencies (CBDC). The Council member referred to some of the major drawbacks that hinder its implementation.

2019-5-29 12:50	Cryptocurrencies
central bank speech council european currencies digital

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