Congress passes bill banning Federal Reserve from creating a CBDC
The bill aims to prevent unelected officials from developing a CBDC that could infringe on Americans' financial privacy.
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The bill aims to prevent unelected officials from developing a CBDC that could infringe on Americans' financial privacy.
Assad Jafri 2 min read
According to the WEF, quantum computing poses significant risks to current encryption techniques.
The Digital Yuan pilot scheme does not support peer-to-peer transactions.
Joachim Nagel stressed the necessity for central banks to adapt to the evolving landscape, identifying distributed ledger technology (DLT) as a crucial tool in this transformation.
The Reserve Bank could launch a digital New Zealand Dollar by 2030.
A central bank official said that the versatility of CBDCs will allow them to compete with other digital payment methods that have sidelined traditional cash in recent years.
A kleptocracy lurks everywhere, and the only way to counter their greed is with Bitcoin.
The Swiss National Bank believes that the disadvantages of a retail CBDC likely outweigh any benefits, and introducing them could have "far-reaching consequences" on financial stability.
The company's test involved digital ledger technology more broadly.
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