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.
Cryptopian dreams of a 'self-sovereign' money, always a contradiction in terms, are now drawing to an end. Wildcat crypto is going the way of the 19th century's wildcat paper currencies. Replacing them will be a digital version of what replaced their paper predecessors - a Digital Greenback.
Major Central Banks across the world are in a tight race to deliver the first credible version of digital money.
Why Central Bank Digital Currencies (CBDC) now and what could they mean for climate change?
Some considerations ahead of the Fed's discussion paper.