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A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.

The US Federal Reserve Bank of Philadelphia has published a paper on Central Bank Digital Currencies or CBDCs. This is a hot sector of digital assets as CBDCs have the potential to supplant paper currency at some point in the future. Yet many questions remain

Joel Telpner reveals some of the steps the Marshall Islands is taking to launch its national digital currency.

The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency.

Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach.

A U.S. think tank working towards a digitized dollar has released a white paper detailing inaugural aims and use cases for a central bank digital currency.

Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs ... that are capable of mining cryptocurrency.

Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving.

IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation.

Leading Bitcoin fund manager Grayscale Investments explains in its recent report that viewing CBDC as a Bitcoin replacement is incorrect.

The Governor of the People's Bank of China has declared that there is no timeline to the release of the country's digital Yuan, an innovation that has entered its test pilot phase.

A synthetic Central bank digital currency (CBDC) could create new pathways for innovation according to a senior member of the International Monetary Fund (IMF).

People’s Bank of China clarified that there is still “no timetable” on a formal digital yuan launch, despite the ongoing pilot project.

Chinese Communist Party (CCP) member Neil Shen presented his proposal for a regional stablecoin led by the People’s Bank of China (PBoC) during one of two sessions of the Chinese People’s Political Consultative Conference (PCC) on May 21. While he made no mention of the underlying technology potentially being used to create or issue the stablecoin, Shen highlighted the growing importance of digital currencies and the improvements that can be made to financing trade and cross-border transactions within Japan, Korea, China and Hong Kong should a regional stablecoin be available.

JPMorgan believes that central bank digital currencies may undermine the hegemony of the US dollar.