The Philippines expects to put in place within the next two years a central bank digital currency (CBDC), taking its cue from peer regulators that have developed such digital...
The CBDC Retail (CBDC-R) pilot currently enables Person to Person (P2P) and Person to Merchant (P2M) transactions. It is now proposed to enable additional functionalities of programmability and offline...
In a new report by the Central Bank of Canada, entitled Central Bank Digital Currency and Banking Choices, quantifies the impact of a CBDC on banks in the deposit...
Central bank digital currencies are becoming more politicized globally, “but in the U.S. they seem to be ‘hyper-politicized.’” It’s only since Facebook announced its Libra stablecoin back in 2019...
MetaMask users can now sell crypto directly to a Visa card, which eliminates the need to use centralized exchanges. Global payment giant Visa is doubling down on cryptocurrency adoption...
Incoming artificial intelligence (AI) legislation could increase the regulatory burden for banks using AI in their anti-money laundering (AML) and anti-fraud operations. For example, the European Parliament is hard...
In 2022, 1.2 billion records were revealed across just 35 of the biggest global breaches. In 2023, an independent study undertaken by Apple and the Massachusetts Institute of Technology...
Google has removed several cryptocurrency platforms from its Indian Play store. The removal, as reported Saturday (Jan. 13) by TechCrunch, involves crypto giants including Binance and Kraken, and follows...
The mainstream integration of cryptocurrency is getting sluggish, Andrew Bailey, Bank of England governor, said Wednesday (Jan. 10). Speaking to U.K. Parliament’s Treasury Committee, Bailey said regulators need to...
Currently, many CBDC technology projects seem to duplicate past work or conduct work without clear goals, even as key technology questions remain unanswered. How can central banks investigate CBDC...