Rumors are circulating that France’s Central Bank, Banque de France, is considering adopting XRP for its digital euro. While there has been no official announcement from the bank, it is not new to the blockchain and crypto space. The bank previously ran a pilot test of a Central Bank Digital Currency (CBDC) on a blockchain […]
Federal Reserve Bank governor Michelle Bowman has expressed uncertainty about the use case for a central bank digital currency (CBDC) in the United States. Speaking at a roundtable event at Harvard, Bowman suggested that there may be alternative solutions that already address the same issues that a digital dollar aims to solve. She highlighted that […]
The European Central Bank (ECB) has announced that it will begin the “preparation phase” for the digital euro project after a two-year investigation. This move comes after the ECB released a report on the potential design and distribution of a digital euro. The preparation phase will last for two years and will focus on finalizing […]
The European Central Bank (ECB) has announced that its project to develop a digital form of the euro is progressing to the preparation phase. The ECB aims to prepare the currency for the future, although a final decision on issuing a digital euro has not yet been made. The preparation phase will involve finalizing the […]
The European Central Bank (ECB) has announced its plans to develop a central bank digital currency (CBDC) for the eurozone. ECB President Christine Lagarde stated on Twitter that they are preparing the currency for the future, although a final decision on issuing a digital euro has not been made yet. The digital euro is designed […]
The European Central Bank (ECB) has emphasized the need for a comprehensive regulatory framework for decentralized autonomous organizations (DAOs) in the financial sector. In an occasional paper titled “The future of DAOs in finance – in need of legal status,” the ECB highlighted how the rapid advancement of technology has outpaced regulation, posing risks to […]
Federal Reserve Board governor Michelle Bowman expressed her views on financial innovation during a speech at Harvard Law School. She discussed topics such as central bank digital currency (CBDC), stablecoin, and the use of technology to improve existing systems. Bowman emphasized the importance of the U.S. intermediated banking model in protecting consumer financial activities from […]
Federal Reserve Governor Michelle Bowman expressed skepticism about the benefits of central bank digital currencies (CBDCs) during a roundtable discussion in Washington, D.C. She questioned whether a U.S. CBDC could solve financial problems more effectively or efficiently than existing solutions. Governor Bowman highlighted the importance of responsible innovation in money and payments, emphasizing the need […]
In the ongoing debate surrounding the issuance of a central bank digital currency (CBDC) in the United States, Federal Reserve Board member, Bowman, has expressed skepticism. While various arguments have been put forth in favor of a CBDC, such as addressing payment system frictions, promoting financial inclusion, and providing access to safe central bank money, […]
The G20, an intergovernmental forum consisting of 19 countries, the European Union, and the African Union, has embraced a regulatory roadmap proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) for the regulation of digital currencies. The roadmap emphasizes the implementation of comprehensive regulatory policies and advocates for supervision of the […]
