As The Fed Outlines CBDC Principles, It Reveals Antithesis To Bitcoin
The Federal Reserve recently outlined its considerations for a U.S. CBDC, confirming that it would be diametrically opposed to Bitcoin.“This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs).”–“Money And Payments: The U.S. Dollar In The Age Of Digital Transformation,” Federal ReserveQuotations throughout the article will come from the above article unless otherwise linked, which was written by the Board of Governors at the Federal Reserve. It can be concluded that the board’s intentions are to begin a....
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In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists the institution is open to suggestions that will help it to successfully launch the digital currency.
Benefits of a CBDC
The Ghanaian central bank recently released a document that outlines the key motivations behind its plan to issue a central bank digital currency (CBDC). The document also touches on the digital currency’s design as well as the benefits it will bring....
Using the framework of German Philosopher Georg Hegel, Bitcoin’s battle with fiat will reach an inevitable synthesis. The post Bitcoin As Fiat’s Antithesis: The Future Of Finance In Hegelian Terms appeared first on Bitcoin Magazine.
BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.
The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial services for all Americans. Payments Industry Association ETA Issues Guiding Principles for CBDC ETA is the world’s leading trade association representing the interests of companies involved in providing products and services pertaining to....
The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology. The Reserve Bank of New Zealand (RBNZ) published an issue paper providing its perspective on central bank digital currencies (CBDC).The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The bank will be seeking comments on the proposed paper until Dec. 6.The document focuses on a “general-purpose” CBDC that is a digital currency issued to “any individual or business that wants to use it.”“Such a ‘general-purpose’ CBDC would be closer....