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US Fed: CBDC a ‘very high priority’ to combat bad private sector money
15.1.2021
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell
ECB: Private Sector Can Help with ‘Intensifying’ Digital Euro Project
14.12.2020
The European Central Bank (ECB) has once again opened the door to some form of private-sector collaboration as it “intensifies” its work on the digital euro – a central bank digital currency (CBDC) for Eurozone nations.
Per an official release, the ECB, the bank’s Governing Council has declared...
BIS Indicates CBDC Issuance May Hinge on Private Sector Collaboration
3.12.2020
The Bank for International Settlements (BIS) said that central bank digital currencies (CBDCs) issuance will only prove a success if the private and public sectors work together – as it pushes closer to real-world digital currency testing.
In a new report shared with Cryptonews.com, the...
South Korean Central Bank Turns to Private Sector for CBDC Help
31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved.
Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...
Private Sector Could Bring Value to Future CBDC Launches, Says IMF Official
27.7.2020
A director at the IMF has spoken of the value the private sector could bring to central bank digital currencies, should they be adopted by nations
Central Banks Could Partner with Private Sector on CBDCs
26.5.2020
The Euro symbol in front of the European Central Bank. The idea of central banks running the entire central bank digital currency (CBDCs) show is "out the door," and is being replaced by the private-public partnership, according to Tommaso Mancini-Griffoli, Deputy Division Chief in...
Israel’s Securities Regulator Asks Private Sector for DLT Proof-of-Concepts
27.1.2020
Israel’s chief securities regulator Anat Guetta says DLT has “transformative potential” for the startup nation’s capital markets. Now she wants to see a proof-of-concept
‘In Small Steps’ China Cuts Benchmark Interest Rates
1.12.2019
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...
US Government Worried Crypto Can Shift Power to Private Sector
28.11.2019
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...
Coinbase Legal Chief Wants Private Sector to Create US Digital Dollar
5.11.2019
Coinbase’s legal chief believes the private sector should develop the United States digital dollar
Coinbase Legal Chief Says Private Sector Should Build US Digital Dollar
5.11.2019
Coinbase chief legal officer Brian Brooks thinks the private sector is best positioned to build America's digital dollar
UN Wants the Private Sector to Lead Shift to Renewables from Fossil Fuels
21.9.2019
As everyone knows, experts and scientists believe that climate change is one of the biggest environmental threats that are facing the world at this point. Hence, there is a genuine thrust towards using more cleaner and renewable sources of energy as opposed to fossil fuels among policymakers across...