CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.
Countries might benefit from issuing central bank digital currencies, but they’re not a panacea for every ailment, a new IMF report says.
From the CoinDesk Global Macro news desk, this is Borderless – A twice-monthly roundup of the most important stories impacting bitcoin and the crypto sector from around the world.
The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S.
The Federal Reserve is actively investigating the potential impact of a digital dollar, though it has no plans to issue one anytime soon.
Witnesses will discuss stablecoins and tokenized dollars during Tuesday’s Senate Banking hearing on the digitization of money.
Federal Reserve Chairman Jerome Powell said he believes central banks would have to design and implement CBDCs, not private entities.
The “digital dollar” concept will take the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.
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.
The Bank of Mauritius is inching closer to issuing a retail-focused central bank digital currency (CBDC), its governor confirmed Tuesday.