Central Bank Digital Currency

Jerome Powell, Chair of the Federal Reserve, on Wednesday, acknowledged the enduring nature of cryptocurrencies as a category of assets. In a hearing with the House Financial Services Committee, he shared his perspective during a discussion that initially centered on the Federal Reserve's...

Promoting its forward-thinking position on digital currencies, a member of the Hong Kong Legislative Council has extended an open invitation to Coinbase Global Inc (NASDAQ: COIN) and other cryptocurrency exchanges to set up shop in the territory. Johnny Ng, a member of the Legislative Council...

The New York Federal Reserve published results from a joint study conducted with the Monetary Authority of Singapore (MAS). Cross-border and cross-currency payments can effectively utilize Central Bank Digital Currency (CBDC) systems operating on diverse networks, the study shows. The research...

Florida Governor Ron DeSantis, on Tuesday, unveiled a series of state legislative proposals aimed at combating “woke politics,” while also defending cryptocurrency as a whole.  What Happened: DeSantis claimed that political adversaries dislike cryptocurrency because they cannot...

Rep. Tom Emmer (R-Minn.) has launched a campaign against the Biden administration's efforts to establish a digital dollar, saying it could be employed to collect sensitive financial data of United States citizens. Emmer, a staunch supporter of the cryptocurrency...

The Monetary and Banking Research Institute of Iran has completed preliminary research for the launch of a potential digital rial, as part of its central bank digital currency (CBDC) plans, according to an official statement from the Central Bank of Iran's (CBI) research arm. What Happened: The...

The Bank of England has put forward a proposal to launch a digital currency that would be solely issued by the central bank that could be used by households and businesses for their everyday payments, allowing individuals to access their funds via a digital wallet accessible through smartphones or...

Benzinga is cordially inviting new British Prime Minister Rishi Sunak to its Future of Crypto event on Dec. 7 in New York City. Founded in 2009 by CEO Jason Raznick, Detroit-based Benzinga is one of the largest content providers to global brokerages and media houses. A leader in the cannabis...

The Harare Institute of Technology in Zimbabwe is developing a central bank digital currency (CBDC), according to the institute’s Vice Chancellor Quinton Kanhukamwe. Kanhukamwe stated the proposed CBDC would aid in the eradication of issues such as currency manipulation, cash...

Chinese e-commerce giant Alibaba Group Holding Limited’s (NYSE: BABA) affiliate Ant Group is among the first privately-run businesses to be included in China’s digital currency trials, CNBC reported Sunday. What Happened: MYbank – an online bank backed by Ant Group – has...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Starting with The Bank of China’s announcement that it would be exploring the potential of a state-sponsored digital currency and...

The European Central Bank (ECB) is sticking to its guns on playing "an active role" in the digital currency field, said ECB’s President Christine Lagarde on Wednesday. What Happened The ECB will continue assessing the risks and benefits of issuing a central bank digital currency (...