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Category Central Bank Digital Currencies (CBDC) News

Senate Passes Housing Bill Banning Federal Reserve CBDC Until 2030 

Senate Passes Housing Bill Banning Federal Reserve CBDC Until 2030 

In Brief The US Senate passed a housing bill banning a Federal Reserve CBDC through 2030. H.R. 6644 cleared the Senate 85-5 and now heads to the H...
ECB Picks Open European Standards for Digital Euro, Sidelining Visa and Mastercard

ECB Picks Open European Standards for Digital Euro, Sidelining Visa and Mastercard

In Brief ECB signed deals with ECPC, nexo, and Berlin Group for digital euro payments. Open standards will replace proprietary card rails for tap-...
Circle CEO Jeremy Allaire Flags Yuan Stablecoin as Next Currency Battleground

Circle CEO Jeremy Allaire Flags Yuan Stablecoin as Next Currency Battleground

In Brief Circle's Allaire calls yuan stablecoin a 'tremendous opportunity' for global trade. China banned unauthorized offshore yuan stablecoins i...
BIS Economist Behind CBDC Push to Lead Korea’s Central Bank

BIS Economist Behind CBDC Push to Lead Korea’s Central Bank

In Brief Hyun Song Shin argued at BIS that blockchain fragmentation makes stablecoins structurally unfit as money. As Bank of Korea governor, he m...
Coinbase CEO Defends China’s CBDC Interest Policy — But Why?

Coinbase CEO Defends China’s CBDC Interest Policy — But Why?

In Brief Armstrong cited China's digital yuan interest payments as competitive advantage, warning US stablecoin rules risk falling behind. Chinese...