The global financial scenario is changing rapidly with the emergence of Central Bank Digital Currencies (CBDCs) and ...

The White House mandates federal transactions to go electronic, aiming to reduce fraud, cut costs, and increase efficiency, ...

A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020 ...

European consumers have shown minimal interest in adopting a central bank digital currency (CBDC), raising concerns for the European Central Bank (ECB) as it prepares for a potential rollout of the ...

The European Central Bank (ECB) is struggling to explain why Europeans should adopt a central bank digital currency (CBDC). Despite years of studies and discussions around it, European consumers have ...

Philip Lane, chief economist of the European Central Bank ... decided to phase out paper currency, it would have far-reaching effects around the globe. Promoters of a digital currency allege ...

CBDCs or central bank digital currencies are increasingly being studied by entities such as the Bank of Canada for their ...

Brazil's Central Bank (BCB) Monday announced a new digital currency for South America''s largest country, which will be called “Drex” and is not expected to reach account holders before late ...

The introduction of a central bank digital currency (CBDC ... and lessen the cost of making and distributing paper money. By giving authorities the ability to trace financial flows, keep ...

Mary Anne Lim, assistant governor of the currency and securities production sub-sector at the Central Bank of the Philippines ...

The central bank described the proposed ... for both retail and wholesale use, in a paper published on Tuesday. "The DS will be a multipurpose digital currency that will address both the retail ...