The pilot involved the settlement on a private blockchain of around €2 million.
Stephen Harper said “the number of things that people use as reserves will expand,” but the U.S. dollar will still retain its dominant role.
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.
The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts.
The future of money will be a tussle between algorithmic and fiat-pegged stablecoins and central bank digital currency experiments.
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
Russian banks fear being left out of the central bank’s proposed digital currency system, according to a report.
As central banks everywhere gear up to launch digital currencies, it’s time to consider the possible downsides.
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.