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CBDCs
US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics
As central banks around the world race to establish a CBDC, Republican senators Marsha Blackburn, Cynthia Lummis and Roger Wicker are calling on the U.S. national team to effectively boycott China’s digital currency at the 2022 Winter Olympics in Beijing, citing privacy concerns. “CBDC nationalism could get really ugly,” host Zack Seward said.
Blockchain or Blockbuster? The Choice Facing Financial Incumbents
The old-guard financial industry is aware of the competitive threat from decentralized finance, but it's not moving fast enough to catch up.
Bank of Korea Chooses Ground X as Supplier for CBDC Pilot: Report
South Korea's central bank has picked a blockchain subsidiary of internet giant Kakao.
US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics
“We cannot allow America’s athletes to be used as a Trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” said Sen. Cynthia Lummis.
Why Central Bankers Invoke Free Banking to Attack Stablecoins
If you're going to warn people about stablecoins by citing 19th century history, you should at least include the full record, says our columnist.
Japan Increasing Efforts to Regulate Digital Currency: Report
The move is a sign of increasing concern that new forms of private money could disrupt Japan's financial system.
BIS, IMF, World Bank: Central Banks Must Consider Cross-Border Implications of CBDCs
In a paper published Friday, the Bank for International Settlements (BIS) said central banks worldwide should be focused more on cross-border settlement issues than domestic issues and on making central bank digital currencies (CBDCs) in different jurisdictions interoperable. “The Hash” hosts discuss surveillance concerns for CBDCs and the feasibility of the statements.
Jerome Powell: I'm 'Undecided' on the Benefits of CBDCs
The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.
European Central Bank Moves to Start Digital Euro Project
The European Central Bank (ECB) said Wednesday it would move from discussion to exploration in its plans to develop a eurozone central bank digital currency (CBDC). “The Hash” panel discusses the outlook for the digital euro, raising concerns over privacy and financial sovereignty.