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The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States.
The discussion paper reviews the literature on the impact of CBDCs in large, developed economies and draws some conclusions and specific design elements.
Banking giants including BNY Mellon, Citi, U.S. Bank and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.
Project Aurum with HKMA also explored a token model
A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions.
The New York Fed and Singapore's MAS are collaborating on CBDC development
Tests by NY Fed and BIS settles FX spot trades in less than 15 seconds
The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets.
There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one.
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model,” and with “no way” of currently enforcing royalties, a “new asset class” could emerge to enforce them.
Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream