Bank, Dollar, Pound sterling, Reserve currency, Foreign exchange reserves, United States dollar

US must look to ‘future proof’ the dollar with a CBDC

On Jun 4, 2020
@FintechBot shared
US must look to ‘future proof’ the dollar with a CBDC https://t.co/IiSKggFnA3 by @Finextra
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Accenture and the Digital Dollar Foundation have published a whitepaper laying out proposals for the development of a central bank digital currency (CBDC) in the US.

www.finextra.com
On Jun 4, 2020
@FintechBot shared
US must look to ‘future proof’ the dollar with a CBDC https://t.co/IiSKggFnA3 by @Finextra
Open

US must look to ‘future proof’ the dollar with a CBDC

US must look to ‘future proof’ the dollar with a CBDC

Accenture and the Digital Dollar Foundation have published a whitepaper laying out proposals for the development of a central bank digital currency (CBDC) in the US.

A Short History of Major Fiat Currency Collapses and What Triggered Them

A Short History of Major Fiat Currency Collapses and What Triggered Them

Earlier this year we witnessed a mini flash crash that hit the fiat currency markets. It took approximately seven minutes for the Australian dollar to plummet against the Japanese yen, ...

Turkey's Crisis And The Dollar's Future

Turkey's Crisis And The Dollar's Future

"No, the reason certain EM currencies are losing purchasing power is the fault of individual governments and their central banks, who do not seem to realize that their unbacked fiat ...

Accenture interview: Why a digital dollar can’t be rushed

Accenture interview: Why a digital dollar can’t be rushed

David Treat of Accenture, a partner in the Digital Dollar Project outlines his thoughts on use cases for a US central bank digital currency (CBDC)

Central bankers and policy makers debate CBDC use cases

Central bankers and policy makers debate CBDC use cases

The “immediate need” for central bank digital currencies (CBDCs) is up for debate as use cases evade central bankers and policy makers. Despite BoJ’s involvement in investigating CBDCs, ...

Why Chris Giancarlo Considers A Digital Dollar Mission-Critical For The World

Why Chris Giancarlo Considers A Digital Dollar Mission-Critical For The World

...Giancarlo believes the digital dollar is bigger than any one issue and is about who owns the future, the Digital Dollar Project is neutral on monetary policy, and President Theodore ...

Dollar rampage spurs FX interventions, talk of big G7 move

Dollar rampage spurs FX interventions, talk of big G7 move

From Brazil to Norway, policymakers are leaping to defend currencies against the...

Facebook’s Libra global cryptocurrency, how will China react?

Facebook’s Libra global cryptocurrency, how will China react?

Expected launch next year raises new questions for China, analysts say.

Could cryptocurrency dethrone the dollar?

Could cryptocurrency dethrone the dollar?

Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook's Libra, could one day replace the dollar as king of the foreign exchange market

Indian Currency Notes 5000

Indian Currency Notes 5000

Our currency auctions have a specific focus on national bank notes, large size type, high denominations, star notes, Canadian currency and other rare and collectible foreign ...

This is how China controls its currency

This is how China controls its currency

The Chinese yuan, which has fallen sharply against the US dollar, has become caught up in the trade fight between the two countries. How much control does Beijing have over it?

World’s Biggest Banks Splash $63 million on a Blockchain Digital Currency

World’s Biggest Banks Splash $63 million on a Blockchain Digital Currency

  By CCN: Some of the world's biggest banks are partnering with London-based Fnality International to create a blockchain digital currency for faster cross-border transfers. These ...

Timothy Lane: Taking precautions - the Canadian approach to foreign reserves management

Timothy Lane: Taking precautions - the Canadian approach to foreign reserves management

Remarks by Mr Timothy Lane, Deputy Governor of the Bank of Canada, at the Peterson Institute for International Economics, Washington DC, 6 February 2019.

Stablecoins, Central Bank Digital Currencies, and Cross-Border Payments: A New Look at the International Monetary System

Stablecoins, Central Bank Digital Currencies, and Cross-Border Payments: A New Look at the International Monetary System

Policies to counter these risks — as in a sleight-of-hand magic trick, you will see — yield a synthetic version of central bank digital currency (CBDC) with various advantages relative to ...

Why Bitcoin is a perceived threat to the US dollar

Why Bitcoin is a perceived threat to the US dollar

The US dollar has been the world’s official reserve currency for several decades, yet many in the political sphere believe the rise of Bitcoin could end its global supremacy. During a ...

Facebook’s digital currency project just got a lot less audacious

Facebook’s digital currency project just got a lot less audacious

Remember Libra, Facebook’s plan to create a global digital currency? Unveiled last June, it was immediately met with resistance from policymakers and central bankers around the world. ...

Congressional testimony reveals some faults in Facebook’s digital currency plans

Congressional testimony reveals some faults in Facebook’s digital currency plans

In the second of what’s sure to be many (many many many) hearings in front of congressional committees, David Marcus, the chief executive of Facebook’s new digital payments subsidiary, ...