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Payments Dive
APRIL 1, 2022
Ted Cruz's legislation, which follows a companion House bill introduced earlier this year, would prevent the Federal Reserve from issuing a central bank digital currency directly to consumers.
179 
Finextra
MARCH 8, 2024
Chairman of the US Federal Reserve Jerome Powell spoke before the Senate on Thursday, stating that the US was “nowhere near” CBDC development.
The Paypers
MARCH 30, 2021
The Federal Reserve of the US is actively working on a central bank digital currency and some prototypes are near completion.
The Paypers
OCTOBER 13, 2021
Deloitte has launched a report on central bank digital currencies , in the context of the Federal Reserve preparing to launch a review of whether to implement its own digital currency soon.
PYMNTS
AUGUST 14, 2020
A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Legal issues include whether a CBDC would have status as legal tender.
113 
Payments Dive
FEBRUARY 10, 2025
Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.
103 
Fintech News
DECEMBER 10, 2023
The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.
PYMNTS
SEPTEMBER 15, 2020
But as to what a CBDC might look like in the eurozone, ECB executive board member Yves Mersch said a speech earlier this year that retail central bank digital currency (CBDC) is a game-changer and that retail CBDCs would be a “main focus.”
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Payments Dive
SEPTEMBER 2, 2022
recommends limited implementation of a central bank digital currency if the Federal Reserve pursues that digital dollar. The biggest payment system in the U.S.
97 
Payments Dive
MAY 27, 2022
The Federal Reserve vice chair, at a House Financial Services Committee hearing Thursday, also called for stricter regulation in the stablecoin space.
97 
PYMNTS
DECEMBER 18, 2020
In other CBDC efforts, as reported in the fall , China’s central bank issued 10 million yuan ($1.5 Such central bank efforts toward CBDC might soon get a helping hand. This week, FinTech EMTECH said it’s launching a compliance platform in collaboration with Microsoft to help central banks test their respective CBDCs.
142 
PYMNTS
AUGUST 21, 2020
Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. No Race To Rollout .
107 
The Fintech Times
FEBRUARY 26, 2024
As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. “The Federal Reserve , Bank of Canada , and Bank of England are studying CBDCs, and there are challenges in each country.
Clearly Payments
AUGUST 29, 2024
This article covers what CBDCs are, how they have evolved until 2024, their impact on payments, and the future they could shape. What Are CBDCs? A Central Bank Digital Currency (CBDC) is a digital form built on blockchain technology of a country’s fiat currency issued and regulated by the central bank. However, the U.S.
105 
PYMNTS
OCTOBER 23, 2020
If the technology garners heightened public interest, Masayoshi Amamiya said at the time, there could potentially be a need for issuance of central bank digital currencies (CBDC). However, he stressed he felt believed it was “very important” that the BOJ keep scrutinizing the feasibility of circulating CBDC.
69 
PYMNTS
JANUARY 15, 2021
Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar, CoinDesk reported. “We We don’t feel an urge or need to be first,” he said of CBDCs, according to the report. dollar is] the reserve currency.”.
67 
Finextra
NOVEMBER 26, 2024
A group of seven central banks (Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Board of Governors of the Federal Reserve System, Sveriges Riksbank and the Swiss National Bank) together with the Bank for International Settlements, have been working together to explore selected aspects of central bank digital currencies (..)
85 
PYMNTS
JUNE 23, 2020
Federal Reserve has introduced a new effort to combat payments fraud. According to the announcement, the Bank of Thailand is planning to use central bank digital currency (CBDC) to support funds transfer, with an eye on accelerating supplier payments as an early use-case of the payment system. In the U.S.,
106 
PYMNTS
OCTOBER 9, 2020
The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . Cunliffe also told Reuters that he did not think any single approach to a central bank digital currency (CBDC) would end up being the dominating force. “I
104 
PYMNTS
MAY 21, 2020
In remarks made this month to the Consensus 2020 virtual conference , European Central Bank Executive Board Member Yves Mersch noted that about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC). So a retail CBDC is now [the ECB’s] main focus.”.
PYMNTS
JUNE 8, 2020
In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts. That idea has been explored by PYMNTS recently as the pandemic was in the early stages, when one proposal for U.S. stimulus distribution involved a new “ digital dollar.”
135 
PYMNTS
SEPTEMBER 17, 2020
But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. Separately, of course, the People’s Bank of China (PBOC) has said that a test of a CBDC rests with small retail transactions — not large-volume transactions.
72 
PYMNTS
NOVEMBER 12, 2020
Federal Reserve Chair Jerome Powell and Bank of England Gov. China, meanwhile, is also advancing plans for a central bank digital currency (CBDC), Bloomberg reported. If it’s going to contribute to a better monetary sovereignty, a better autonomy for the euro area, I think we should explore it.”.
121 
PYMNTS
OCTOBER 12, 2020
The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. These principles include that CBDC do not impede monetary policy and “coexist with cash and robust private money.”.
93 
PYMNTS
OCTOBER 19, 2020
Federal Reserve Board Chair Jerome Powell sounded a cautionary note on Monday (Oct. For his part, Powell said it is important to look at not only the “potential benefits of a CBDC, but also the potential risks, and also recognize the important trade-offs that have to be thought through carefully,” according to the news service.
108 
PYMNTS
OCTOBER 9, 2020
Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. India, according to reports earlier this fall, is mulling a ban on cryptos in general, but may indeed look more deeply into a CBDC. of course, is not standing still.
PYMNTS
JANUARY 27, 2021
According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. A survey asked banks if they were currently working on CBDCs, additionally asking about their motives.
102 
The Paypers
JANUARY 15, 2021
The chairman of the US Federal Reserve has announced that the US is going slow on central bank digital currencies (CDBCs) considering the risks they may pose to the dollar.
PYMNTS
FEBRUARY 6, 2020
Switzerland, Sweden, Canada and Japan, as well as the European Central Bank (ECB), partnered with the BIS to collaborate on the development of central bank digital currencies (CBDC). In January, the central banks of the U.K., The global mobile payment market is currently estimated at $816.50 billion and is projected to reach over $5.5
100 
PYMNTS
OCTOBER 21, 2020
Federal Reserve Chairman Jerome Powell regarding CBDC adoption in the U.S.,” “Bitcoin has been on a steady rise over recent weeks, driven partly by the news of Square's $50 million bitcoin buy, and perhaps more substantially because of recent comments from U.S. eToro Analyst Simon Peters said, as per the CoinDesk report.
93 
The Payments Association
OCTOBER 14, 2024
The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. The designs broadly share a set of characteristics that, by and large, reflect a common set of mistaken assumptions that reveal important flaws in the prevailing CBDC proposals. What is this article about? Why is it important?
88 
Faster Payments Council
SEPTEMBER 12, 2022
Speakers: Connie Theien, Federal Reserve Financial Services; Gail Hillebrand, National Consumers League; Syed Ejaz, Consumer Reports; Liana Muller, U.S. The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs.
88 
Faster Payments Council
MARCH 15, 2023
The panel will explore some of these initiatives including the New York Fed's CBDC pilot program with major banks, the recently concluded Boston Fed's Project Hamilton and other global CBDC projects. The Federal Reserve is close to launching FedNow. These projects are taking different implementation approaches.
88 
PYMNTS
OCTOBER 16, 2020
The FinTech is reportedly likely to seek a charter with California’s Division of Financial Institutions and the Federal Reserve Bank of San Francisco within the next few weeks. Beyond bitcoin is the potential of central bank digital currencies (CBDC). Revolut , the European digital bank, is reportedly near applying for a U.S.
PYMNTS
APRIL 15, 2020
Louis Federal Reserve President James Bullard estimated that the quarantine is costing the U.S. Louis Federal Reserve President James Bullard estimated that the quarantine is coming at the cost of $25 billion daily to the U.S. economy $25 billion each day. Amazon Cuts Affiliate Commissions.
PYMNTS
FEBRUARY 5, 2020
The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to the agency issuing a digital currency , according to a report by Reuters.
PYMNTS
OCTOBER 9, 2020
In today’s top news, the Federal Reserve and seven central banks are collaborating on a framework for digital currency, and Amazon India prepares for its festive season with a $95.5 million boost. Plus, Affirm files for an IPO. Fed, Central Banks Frame Criteria For Digital Currency. Amazon India Gets $95.5M
PYMNTS
JUNE 30, 2020
The hub, which looks to analyze trends in financial tech relevant to central banks, plans to open up locations in Toronto, London, Frankfurt & Paris and Stockholm with the respective central banks in each place, along with a “strategic partnership” in New York with the Federal Reserve.
59 
PYMNTS
AUGUST 21, 2020
In August’s Digital-First Banking Tracker, Jason Powers, senior vice president at Ascend Federal Credit Union, explains how behavioral analytics at the ITM help keep fraudsters away. Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars. Central bank digital currencies (CBDC) are here to stay — if they work.
PYMNTS
NOVEMBER 25, 2020
The Value Of CBDC . As noted in this space , for example, Cleveland Federal Reserve President Loretta Mester said in a recent speech that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America.
92 
The Paypers
MAY 27, 2021
The recently announced Diem USD stablecoin is intended as an interim step until the US Federal Reserve issues a central bank digital currency (CBDC) or digital dollar.
34 
PYMNTS
JANUARY 21, 2020
21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). between banks) done through CBDC. Federal Reserve is also absent from the roster. is joining the CBDC fray. But as reported Tuesday (Jan.
57 
PYMNTS
JANUARY 14, 2021
Banks offering those foundational principles for the CBDCs included the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, Sveriges Riksbank, the Swiss National Bank and the BIS.
Clearly Payments
FEBRUARY 19, 2024
According to the Federal Reserve, cash usage is on the decline, with only 60% of US businesses accepting it as a form of payment. Central banks: Several central banks globally are actively researching and piloting CBDC initiatives, signaling a shift towards digitalization in traditional monetary systems.
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