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Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
Following an August recess, members of the House Financial Services Committee will gather for a “Digital Dollar Dilemma” hearing on Sept. 14.
Mairead McGuinness believes that the CBDC project should be approached “quietly and slowly” by the next European Commission.
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.
The RLN, which places tokenized assets and liabilities on the same ledger, was tested with simulated cross-border CBDC transactions in a previous project.
Digital yuan to be available in all retail scenarios and in wholesale securities markets
New legal regime also introduces a penalty system for refusing notes and coins
Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said.
In the short term, e-commerce platforms can integrate the CBDC through QR codes.
NBK joins cross-border CBDC project as an observer
The Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch in December.
Five members of IBM Consulting created a list of points that the European Commission could consider to optimize its proposed digital euro legislation.