Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb. 23. Dubbed the Multiple Central Bank Digital Currency Bridge — or m-CBDC — the project sees the Hong Kong Monetary Authority, the Bank of Thailand,Read More →
The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when itRead More →
The cryptocurrency market has been viewed cautiously pending the launch of a central bank digital currency [CBDC], without knowing what its impact on a country might be. In recent months, many countries have taken a step towards understanding, regulating and launching their own CBDCs, Japan being one of them.Read More →
