The Bank of Korea recently announced that it plans to pilot a digital fiat currency. The CEO of blockchain company Onther, which plans to help contribute to this testing, provides an exclusive interview on the various companies involved.
When a country belongs to a currency union, the central bank of the country does not directly control the issuance of the currency. How the Lithuanian Central Bank issued NFTs to test CBDCs. In an interview with Marius Jurgilas we explore LBCoin and the central questions about CBDCs.
In testimony Wednesday afternoon Chairman Powell suggested that a digital dollar could put other digital assets out of business and pushed back on concerns that the Fed was moving too slowly on launching a sovereign digital currency.
It is critical for legislators, central bankers, and financial regulators to coordinate globally the implementation of Central Banking Digital Currencies (CBDC) in order to promote cheaper, faster, inclusive, and more transparent cross-border payment services.