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CBDCs
CBDCs May Be Disruptive for Financial Systems, Fitch Ratings Says
“Widespread adoption of CBDCs may be disruptive for financial systems if associated risks are not managed,” warn Fitch Ratings analysts.
No Reason to Fear Central Bank Digital Currencies
Fears that CBDCs could cause financial instability and increase surveillance are misplaced, says our columnist.
A Central Bank Digital Currency Would Be Bad for the US
Calls to "catch" China on digital currency downplay the promise of open financial technology, says Circle's head of global policy.
‘Britcoin?’ Bank of England Official Says UK Will ‘Probably’ Launch a CBDC
The U.K.’s central bank is reportedly considering launching a digital currency, called “Britcoin,” to maintain citizens’ confidence in the availability of public money. “The Hash” panel debates the utility of CBDCs and the privacy implications of central bank digital currencies.
Binance Under Fire; Internet Giant Naver Takes on South Korea’s CBDC
The Asian crypto industry reacts to the US Department of Justice and Internal Revenue Service money laundering probe into Binance. In South Korea, the nation’s largest internet company plans to join Bank of Korea’s CBDC ventures. Over in Singapore, Southeast Asia’s largest lender DBS Bank expands its crypto services for its private bank clients by launching a crypto trust solution. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bank of England Official: It's 'Probable' UK Will Launch a Digital Currency
Sir Jon Cunliffe expressed the concern that consumers may find stablecoins more attractive than bank offerings.
What If Somebody Hacks the Money Pipeline Next?
The Colonial Pipeline saga illustrates what may be a vulnerability with digital currency issued by central banks.
Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech
China’s Chutian Dragon, a smarts cards manufacturer, is reportedly making a card-based wallet for the digital yuan with fingerprint identification technology. “The Hash” panel weighs in on the global direction of central bank digital currencies (CBDCs), surveillance, and tracking.