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CBDCs
As Crypto Market Booms, Central Banks Around the World Develop CBDCs to Catch Up
From Sweden to South Africa, central banks around the world are developing digital currencies. John Velisarrios, Central Bank Digital Currency Lead at Accenture, discusses what goes into developing a CBDC and whether or not the digital yuan will shake up the global financial system.
Central Banks of China, UAE Join Blockchain-Based CBDC Payments Project
The project will explore the capabilities of a DLT-based central bank digital currency in regional payments.
The Boston Fed's Jim Cunha: CBDCs Are Here and They’re Real
Federal Reserve Bank of Boston SVP Jim Cunha joins "All About Bitcoin" with an update on the Boston Fed's digital dollar project with MIT. Why he thinks CBDCs and digital currencies can co-exist, and why China's digital Yuan is a "wake up call."
Stripe Names Digital Currency Advocate, Former BoE Governor Carney to Board
Carney has argued for a digital replacement to fiat, amid the U.S. dollar’s waning hegemony.
Morocco Considers Launching a Central Bank Digital Currency
Although bitcoin was banned for use in Morocco four years ago, the cryptocurrency continues to thrive there.
Circle CEO: Adoption of Stablecoins Could Outpace Central Bank Digital Currencies
Jeremy Allaire, CEO of Circle, joins “First Mover” to discuss how the current crypto boom and central bank digital currencies (CBDCs) will impact the future of stablecoins. “What we’re really seeing is the embrace of open networks, the internet itself,” says Allaire.
Mastercard Launches Prepaid Card for World's First CBDC in Bahamas
The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.
Central Bank Digital Currencies May Drive Cash 'Shadow Economy' to Crypto: Reuters
"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.
World's Oldest Central Bank Extends Digital Currency Test Till 2022
Sweden's Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.
Is Bitcoin’s Rising Popularity Putting Pressure on Central Banks to Issue Digital Currencies?
The Hash panel breaks down central bank digital currencies (CBDCs) and cryptocurrencies, exploring whether central banks will be more inclined to issue their own CBDCs as the price of bitcoin continues to soar to all-time-highs.