At the Federal Reserve conference on the digital dollar, panelists said that a proper crypto regulatory framework should come first.
The blockchain payments company, Ripple Labs Inc has announced the launch of its hackathon dubbed Ripple CBDC Innovate challenge as it seeks to power innovation bordering on Central Bank Digital Currencies.
Finance ministers and central bankers from the Group of Seven (G7), a group of nations boasting the world’s most advanced economies, recently stepped up their calls for more stringent regulation of cryptocurrency assets, especially so-called stablecoins that are pegged to the price of traditional fiat currencies.
Panetta disclosed ECB would most likely cap the number of digital euros between 1 and 1.5 trillion tokens.
The CBDC is now expected to reduce the difficulties that come with Jamaica’s predominantly cash-based economy.
The UST crumble, coupled with the inflation, has raised concerns among experts in the crypto community.
Brazil’s approach to blockchain and digital currency has moved beyond simply regulating cryptocurrencies.
Republican senators have highlighted a potential threat posed by the digital yuan and have proposed a bill to outlaw them from US app stores.
The US central bank’s vice chair suggested that a CBDC is necessary for financial evolution, but might take a while to materialize.
Discussions on the future of payments are one of the most important debate topics today, considering the growing influence of digital currencies in the grand scheme of things.