BOE’s Bailey, Western Union CEO Part of Davos Panel on Digital Currencies
The session will focus on the diminishing role of cash and the emergence of central bank digital currencies, moves accelerated by the pandemic. Source
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BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments
The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021. Source
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Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says
The investment giant predicts CBDCs will continue gaining steam, although Western central banks have more outstanding questions than answers. Source
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Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce. European Central Bank President Christine Lagarde says bitcoin needs to be regulated. (European Central Bank, modified
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Digital Currencies May Make SWIFT Redundant, Says Russian Central Bank: Report
Digital currencies may challenge and someday could make redundant the SWIFT global banking payment system, according to a Central Bank of Russia official, Russia Today reported. Read more: Bank of Russia Chair: Digital Ruble Is No Threat to Banks Source
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AAX Futures Exchange Adds Fiat Onramp for 11 Currencies
The newly enhanced multi-account wallet AAX has provided its users supports all of the newly added fiat currencies as well as the USDT stablecoin.AAX, the rising crypto futures exchange, has announced support for 11 fiat currencies as it looks to stake its claim as a top-tier platform. The addition of
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G7 Officials Stress Need to Regulate Digital Currencies: US Treasury
The U.S. Treasury Department issued a statement following a virtual call with other G7 members. Source
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Citigroup Helping World Governments Build Digital Currencies, CEO Says
Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC.Speaking to David Rubenstein at a Friday Bloomberg event, Corbat made clear CBDCs are an “inevitable” development in the future of money. Citigroup,
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BoE policymaker says digital currencies could be part of ‘new monetary order’
The Bank of England, or BoE, is broadening its assessment of digital currencies, including evaluating how these assets could form the basis of a “new monetary order.”Andy Haldane, the Bank’s chief economist and sitting member of the Monetary Policy Committee, gave a speech on Wednesday at the TheCityUK 10th Anniversary Conference.
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Central bank digital currencies are dead in the water
Mark my words: Governments and central banks will never care about your wealth and your privacy as much as you do. That reality is exactly why central bank digital currencies are dead in the water already.They say if you can’t beat them, join them. That’s exactly what CBDCs are attempting
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