General
Digital Currency is Coming to a Country Near All of Us
A Hitchhiker’s View of the Digital Currency Threat The inevitability of a centralized, digital monetary system was all but made certain when Bitcoin and other cryptocurrencies came into being. What seemed like innovation to rescue us from the poorly managed policies and control mechanisms our current monetary systems/governments are infamous for, has put us all…
Read MoreReserve Bank of India to run digital currency trial
The Reserve Bank of India is looking at running a trial of a central bank digital currency. It is consulting with state-controlled banks and fintechs such as FIS on the project, according to a report by Coin Telegraph. “FIS has had various engagements with the RBI […] and, of course, our connected ecosystem could be extended to…
Read MoreBoston Fed, MIT unveil model for electronic cash as policymakers mull whether to launch it
Researchers say the prototype can handle 1.7 million transactions per second Some members of the Federal Reserve are continuing to explore the launch of its own digital dollar, as the Federal Reserve Bank of Boston on Thursday unveiled its first attempt at designing an electronic form of cash. The Boston bank’s research, conducted in a collaboration…
Read More105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch). 105 Countries Are Exploring CBDCs The Atlantic Council’s Geoeconomic Centre has released a major update to its Central Bank Digital Currency (CBDC) Tracker. According to the tracker:…
Read MoreThe argument against the Fed creating a central bank digital currency
Last week Federal Reserve Vice Chair Lael Brainard warned House lawmakers about the risks of moving too slowly to issue a central bank digital currency, or a so-called “digital dollar,” saying that failure to act could jeopardize the dollar’s status as the world’s dominant currency. Not everyone thinks a central bank digital currency, or CBDC, would be…
Read More