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CBDC

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Did Fed Chair Powell Hint That Stablecoins Like USDC will be Used in the Transition to CBCDs? $ALGO $XLM $USDC

20 Oct 2020 1 minute read 1 comment Aware1

There has been a lot of news about recent statements made by Federal Reserve Chair Jerome Powel in regards to the creation of a digital dollar, most notably his quote that, "I think it's more important for the United States to get it right than it i...

CBDC cryptocurrency is changing monetary structure

26 May 2020 3 minute read 0 comments ...

The central bank's digital currencies are now part of the active projects of many banks around the world. A bank in China has recently launched its "Digital Yuan" project, and the Swedish central bank "Sveriges Riksbank" has unveiled a digital versio...

2021 IN DiGITAL EURO

26 Dec 2020 2 minute read 3 comments MISSSUAREZ

We are at a peculiar moment in the history of money, one in which the nation-states that competed with conventional currencies begin to digitize them, in order to make their monetary policy more effective in some cases, or to make borders between cou...

Reasons why CBDC are a BAD idea

5 Dec 2020 1 minute read 3 comments Keith Thuerk

Reasons why CBDC are a BAD idea What is CBDC its defined as a Central Bank Digital Currency.  One can think of it as a Digital dollar ($) or whatever currency it is intended to displace. The premise being they are digital offerings, which during a pa...

US House hearing reveals bipartisan support for a government-backed Digital Dollar

15 Jun 2021 1 minute read 2 comments Keith Thuerk

US House hearing reveals bipartisan support for a government-backed Digital Dollar Program (AKA DDP) citing the need to keep pace with China and to enable a larger swath of the U.S. population to access the digital economy, during a hearing Tuesday m...

Brazil eyes 2022 for issuing a CBDC as China nears a full digital RMB launch

7 Sep 2020 2 minute read 0 comments fklivestolearn

With China on track to launch its digital currency soon, other major nations like France, Japan & now Brazil are intending to do the same   Onthe face of it, the pandemic caused a global disruption with millions losing their jobs as economies shut do...

OMG Look to Power CBDCs with Plasma

2 Nov 2020 1 minute read 0 comments Tomadachi

OMG Network, previously known as OmiseGo, are promoting their Plasma Blockchain Technology as a means for central banks to roll out their own digital currencies (CBDCs) to "...Encourage economic growth, improve monetary policy implementation, and fos...

CBDCs for the Captive, Bitcoin for the Free?

14 Nov 2020 3 minute read 1 comment Tomadachi

Someone wiser than me once said, "Listen to people when they are angry, because that is when the real truth comes out."  Old poets however, from Chaucer to Ebsworth, have suggested humour is the place where truth can be found, spawning the adage: "Ma...

Banque de France successful tested their Blockchain based digital currency.

22 May 2020 1 minute read 1 comment alberdioni8406

Banque de France, the central Bank of France have completed successfully their first test on the their CBDC (central bank digital currency), a currency based on Blockchain in partnership with the investment bank Societe Generale the giant financial i...

Central Banks May Prohibit Fully Decentralized Stablecoin Systems

15 Apr 2020 1 minute read 0 comments Abhimanyu Krishnan

The Financial Stability Board, an influential international body that is composed of all G20 members, on April 14 has published a lengthy document on regulating stablecoins that provides some insight into the regulatory body’s approach to the asset c...