China has spent five years preparing to launch the digital yuan, which might happen in a matter of months. But bankers and financial industry professionals surveyed at an industry conference in October still believe the United States will be the first to create a global digital currency.
Financial professionals see a bright future for cryptocurrencies, yet the vast majority say legal and regulatory concerns are causing their clients are keeping their distance, according to a new study.
Central bank digital currencies are all the rage, but making them work is far easier said than done, according to a new report. While there are many potential benefits from a central bank digital currency (CBDC), they also bring serious financial risks, according to IBM Blockchain and the Official Monetary and Financial Institutions Forum (OMFIF).
The parent of cryptocurrency exchange Bitfinex and stablecoin-issuer Tether has asked a federal court to help it get back $880 million lost to an alleged con man.