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Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely.
The Bank of Canada is preparing to design its own central bank digital currency (CDBC), detailing its plans in a new job posting.
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.
BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies.
Noelle Acheson looks at the evolving role of central banks in the context of the current crisis, and what that could mean for crypto.
A digital yen could have serious unintended consequences, the Bank of Japan's deputy governor warned.
Algorand was selected following "extensive market research among the leading protocol options."
Nothing is more centralizing than a state’s control over decentralized technologies like blockchain and cryptocurrency, says law professor and blockchain adviser James Cooper.
Researchers at the Bank for International Settlements say the future of payments may be peer-to-peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.
Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier.
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week.