New York Fed releases pilot exercise results for wholesale CBDC
The Federal Reserve Bank of New York today published research demonstrating how a wholesale central bank digital currency could deliver significantly faster cross-border transactions.
Browsing: CBDC
Fed’s Waller: U.S. CBDC comes with ‘costs and risks’
Waller is “highly skeptical” that there is a compelling need for the Fed to create a central bank digital currency.
CDIAC members discuss economic conditions, top policy issues
Current banking conditions remain “mostly stable, but there are concerns over the longer term given current economic conditions,” members of the Federal Reserve’s CDIAC said during a meeting that took place earlier this year, according to newly published minutes.
ABA: Digital asset regulation must support, not hinder private-sector innovation
As U.S. policymakers consider how to regulate digital asset technologies, ABA called on them to “remain vigilant and deliberate” to “ensure that our regulatory environment supports innovation rather than overregulating or replacing private sector innovators” in a comment letter to the Commerce Department.
ABA: Case not yet made for a U.S. CBDC
According to ABA, at present, a U.S. CBDC doesn’t solve a specific financial problem or respond to a pressing economic need.
Podcast: How a CBDC would ‘fundamentally rewire our economy’
In a special bonus episode of the ABA Banking Journal Podcast, ABA’s Rob Morgan digs into the association’s comments on the Federal Reserve’s discussion paper on central bank digital currencies.