2 / 2 Relevant items tagged with #CentralBankDigitalCurrencies

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Stablecoins must be programmable to counter CBDCs

[Apr 24, 2023 4:07 PM] Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies.

Hong Kong's Central Bank Digital Currency Could be On Permissioned Blockchain: Source

[Apr 17, 2023 11:18 PM] At least one bank is leaning towards developing it on a permissioned blockchain.

DeSantis is right — CBDCs will lead to absolute government control

[Apr 6, 2023 3:41 PM] From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free.

‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO

[Apr 5, 2023 2:30 AM] Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber…

This Crisis Will Define the Future of Money

[Mar 17, 2023 12:11 PM] The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly…

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

[Mar 2, 2023 9:30 AM] On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech…

Crypto Policy: Kenyan Senate Ready to Engage Central Bank

[Feb 24, 2023 11:30 AM] The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset…

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

[Feb 22, 2023 11:30 AM] According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority…

Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar

[Feb 20, 2023 3:00 PM] Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing…

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

[Feb 9, 2023 2:30 PM] According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S…

Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar

[Feb 8, 2023 1:30 AM] Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new…

Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO

[Jan 24, 2023 8:34 PM] Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since.

Davos-launched blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs

[Jan 22, 2023 8:39 PM] A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.