News with the tag "CBDCs"

The chief economist at the European Central Bank (ECB), Philip Lane, said Europe needs a digital euro to counter the foothold that dollar-linked stablecoins and U.S. electronic payments systems are gaining in region's the financial system. The prevalence of electronic payments provided by Big Tech f...

The president of Germany’s monetary authority is advocating for a central bank digital currency (CBDC). In a question-and-answer session with economists at the Official Monetary and Financial Institutions Forum (OMFIF) think tank, the president of the Deutsche Bundesbank, Joachim Nagel, says he supp...

Payments giant MasterCard is forecasting that central banks will shift away from retail CBDCs (central bank digital currencies) and focus more on offering digital assets to banks and financial institutions. In a new blog post from Raj Dhamodharan, MasterCard’s head of crypto and blockchain, the anal...

When confronted by members of the Senate Banking Committee about concerns over the "debanking" trend plaguing the crypto industry, Federal Reserve Chairman Jerome Powell said he's also worried about it and is already tweaking internal supervision policies at the Fed. "I too, am troubled by the quant...

According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas, and Peru have CBDC programs in various stages of development.

Societe Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank. The lender's digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on ...

TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions.

President Javier Milei advocated for maintaining a separation of crypto and state. The Argentine leader stated that private cryptocurrencies might collaborate to end the state monopoly on currency, and rejected CBDCs. Milei Supports Maintaining Crypto Outside the State’s Reach While some leaders env...

Jack Booth of the TON Society discussed the future of decentralization, the impact of CBDCs, and the path to mass crypto adoption.

Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.