The Monetary Authority of Singapore has launched a “Global CBDC Challenge,” inviting proposals for retail central bank digital currency innovations to improve payment services and promote financial inclusion. Fast facts: The initiative, …
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US Federal Reserve: digital currencies can ‘coexist’ with cash
Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per …
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The Federal Reserve will engage the public on a digital dollar this year
The Federal Reserve will be engaging with the public on the question of a digital dollar, according to Chair Jerome Powell. Powell made his comments during Wednesday’s House Financial Services Committee …
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Bill Gates has a “neutral view” towards Bitcoin, but supports digital currencies
Microsoft co-founder and billionaire Bill Gates said he has a “neutral view” on bitcoin, but does support the digitalization of money as a way to bring transaction costs down. Speaking …
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