The Federal Reserve today issued a highly anticipated report assessing the potential benefits and risks of creating a U.S. central bank digital currency, or CBDC.
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The FDIC is looking for feedback on insured depository institutions’ current and potential digital asset activities.
According to the agency, there are “novel and unique considerations” related to digital assets—often called digital currency or cryptocurrency—and “given that banks are increasingly exploring the emerging digital asset ecosystem,” information gathered will help inform FDIC’s understanding of industry and consumer interests.
BAFT, ABA’s global transaction banking subsidiary, today announced the publication of two updated best practices guides on the Distributed Ledger Payment Commitment, a global standard for payment commitment that can be used on any blockchain network and can operate across networks.
To help the international trade finance industry in its transition from paper-based transaction processes to distributed ledger technology, BAFT—ABA’s global transaction banking subsidiary—today released technical and business best practices for a digital ledger payment commitment.