Get the latest CBDC news, central bank digital currency policy updates, pilot programs, privacy debates, and global monetary developments.
During a March 11 hearing on the US House Committee on Financial Services, lawmakers and industry experts highlighted benefits of stablecoins in payments.
ESM Managing Director Pierre Gramegna voiced concerns over US push for crypto adoption, urged ECB to streamline the digital euro launch.
House Majority Whip Tom Emmer reintroduces a bill to ban development of a federal CBDC, citing privacy concerns and potential government overreach.
The Bank of Israel is exploring a multipurpose digital shekel amid ongoing public consultations and technical trials.
Russia opts for a cautious approach as it extends digital ruble pilot for comprehensive evaluation.
BoE governor Andrew Bailey also discussed Bitcoin and stablecoins, calling the former a speculative asset, while acknowledging the latter could serve a monetary purpose.
Powell remarks align with the Fed cautious stance regarding a CBDC.
ECB board member Piero Cipollone said the expansion of US dollar-pegged stablecoins could potentially weaken European banks.
According to reports, the executive order also prohibits federal agencies in advancing CBDC plans.
