Fed Chair Powell: Digital Dollar Would Need Stronger Privacy Than Digital Yuan
“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.
The year-long Phase 1 will conduct experiments on basic functions of a CBDC.
"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.
Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.
Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.
The RBI is examining the impact of the digital rupee on the financial stability in the economy.
Bank of Korea Governor Lee Ju-yeol isn’t bullish on bitcoin, but he sees potential in a central bank digital currency (CBDC), if it’s done right. Speaking at a press conference on Thursday, Lee said that when it comes to a CBDC, it’s better to do it right than do it fast, citing the cautious approach […]