Category: CBDC

US Fed: CBDC a ‘very high priority’ to combat bad private sector money

US Fed: CBDC a ‘very high priority’ to combat bad private sector money

The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. 7893 Total views 49 Total shares Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get […]

Continue Reading

Digital ruble could be still vulnerable to fraud, Russian banks warn

Digital ruble could be still vulnerable to fraud, Russian banks warn

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble. 3202 Total views 22 Total shares Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, […]

Continue Reading