CBDC

In a recent research report by Bank of America, analysts concluded that “CBDCs (central bank digital currencies) appear inevitable.” According to their research, CBDCs have “the potential to revolutionize global financial systems and maybe the most significant technological advancement in the history of money.” Which Nations Are Leading the CBDC Race in 2023? Central Bank Digital…

The digital currency realm is witnessing significant developments, especially with the Federal Reserve Bank’s recent insights into Central Bank Digital Currency (CBDC) research. Michael Barr, the Vice Chairman of the Federal Reserve Bank, shared his perspectives at the Philadelphia Fed’s fintech event on September 8, 2023.  Highlights of the Discussion  Federal Reserve’s Role in Financial…

The digital currency landscape is evolving rapidly, and with it, the discussions surrounding the potential implementation of a digital dollar in the United States. Recently, the House Financial Services Committee announced its plans to revisit this topic in a hearing titled “Digital Dollar Dilemma” scheduled for September 14, 2023. Background  After an August recess, the…