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Powell: More Rate Hikes May Be Needed to Curb Inflation


The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...

South Korean Central Bank Set to Unveil CBDC ‘Blueprint’ Next Month


The South Korean central bank, the Bank of Korea (BOK), is set to showcase a “blueprint” for its CBDC in September as the nation looks to speed up the progress of its digital KRW. Per Fn News and the Byline Network, the BOK has “successfully completed” a CBDC interoperability-focused pilot...

Citi Bank Report: Most Global Security Firms Back CBDCs For Faster Payments


A new research conducted by banking giant, Citi, shows that most financial institutions are leaning toward adopting Central Bank Digital Currencies (CBDCs) for faster global payments. In its latest edition of the Securities Services Evolution, the bank surveyed 12 financial market infrastructures...

Central Bank of Brazil Rebrands CBDC to ‘Drex,’ Launch Expected by 2024


The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital...

Mastercard Launches CBDC Partner Program


Mastercard, the credit behemoth, announced the launch of a new program to widen its understanding of central bank digital currency (CBDC) and its possible applications. The CBDC Partner Program will be integrated by Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient,...

Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns


The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal...

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