BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away
Central banks remained adamant private stablecoins do not factor into their CBDC calculus.
In the company’s latest quarterly earnings call, CEO Michael Miebach noted that the company is investing in smart contract technology to pair with central bank digital currencies.
Comments come as use of digital currencies soars in the country.
The Digital Dollar Project's first five pilots will launch during the next year.
Money's three social functions – storing value, exchanging it and providing a unit of account – are unraveling, with dramatic implications, says EYQ's Insights Director.
The RBI is examining the impact of the digital rupee on the financial stability in the economy.