The Latest Breaking News from CBDC

U.S. Federal Reserve analysts have warned of "some potential" for the dollar's role as a medium of exchange to be eroded with the rise of well-designed foreign CBDCs.

The Bank of Canada recently published findings from its public consultation report on a central bank digital currency, known as CBDCs.

The Federal Reserve vice chair for supervision spoke at D.C. Fintech Week on Tuesday.

The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs.

In a bid to play catch up with technology companies and younger generations of consumers, central banks are finally starting to take digital currencies seriously. Countries such as Sweden, China, and India have establish pilot digital currencies – respectively, the e-krona, e-yuan and e-rupee – via their central banks. In…

"If you don't trust central authority, then you should see this immediately as something that is very problematic," says the Florida governor.

Government-backed digital currencies are drawing critics from the left and right.

The conversation around the role of central banks in the economy has taken on a new dimension among U.S. presidential hopefuls like Ron DeSantis and Vivek Ramaswamy. These politicians want to make it clear they would not support any proposals for a central bank-backed digital U.S. dollar as they make…

With his eyes on the 2024 presidential election, the Florida governor's proposal "is largely a political gesture."

TALLAHASSEE — Echoing recent claims by Alex Jones and other right-wing personalities that the federal government wants to create a Communist-style surveillance system to track the spending habits of Americans, Gov. Ron DeSantis on Monday said he wants to ban such activities in Florida.

President Joe Biden issued an executive order last year calling for more urgency and research on CBDCs.