The State of Global CBDC Adoption with Darrell Duffie

The State of Global CBDC Adoption with Darrell Duffie

Source: Ripple Each quarter we’ll be going under the hood with professors from Ripple’s University Blockchain Research Initiative (UBRI) to gain a deeper understanding of trending topics in crypto and blockchain, and highlight their insights and key takeaways.  There seem to be almost as many opinions about the viability and best use of Central Bank Digital Currencies […]

Bank of America Says CBDCs Are the Future of Money and Payments

Bank of America Says CBDCs Are the Future of Money and Payments

Source: Coindesk Digital currencies, such as central bank digital currencies (CBDCs) and stablecoins, are the natural evolution of money and payments, Bank of America said in a research report on Tuesday. “CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,” analysts […]

The Geopolitics of CBDCs

The Geopolitics of CBDCs

Written by Jannah Patchay, Policy Lead for the Digital Pound Foundation Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen explosive growth in interest over the past four years. At the start of 2023, 114 countries, representing 95% of global GDP, are currently exploring CBDC, of which 60 […]

It’s official: The United States is developing a bank-to-bank digital currency

It’s official: The United States is developing a bank-to-bank digital currency

Source: Atlantic Council While the world was busy watching the collapse of crypto exchange FTX, the US Federal Reserve system made an important move. Speaking at the Singapore FinTech Festival on November 4, a senior official from the New York Federal Reserve surprised many in the audience by announcing that for the past several months, the New […]

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

Source: Bitcoin.com Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private U.S. Congressman Tom Emmer (R-MN) announced Thursday that […]

MAS and the NY Fed join forces for wholesale CBDC experiment

MAS and the NY Fed join forces for wholesale CBDC experiment

Source: The Banker The Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) are collaborating in a project to examine the use of wholesale central bank digital currencies, or wCBDCs, for cross-border payments. The joint experiment, called ‘Project Cedar Phase II x Ubin+’, is a combination of the respective wCBDC initiatives […]

Banking giants and New York Fed start 12-week digital dollar pilot

Banking giants and New York Fed start 12-week digital dollar pilot

Source: Reuters Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. Citigroup, HSBC, Mastercard, and Wells Fargo & Co are among the financial companies participating in the experiment alongside the New York Fed’s innovation center, they said in a statement. The project, […]