At the Federal Reserve "we actually think we need to get this right, and we don't feel an urge or need to be first,” Powell said of a digital dollar. "We’re going to look at it very, very carefully and we’re investing heavily in understanding the technology and analyzing the policy questions—the many policy questions.”
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Digital ruble coming as soon as 2021
The head of Russia’s central bank said a pilot program could come next year, and promised confidentiality but not anonymity
While nothing has been decided, the possibility of launching a digital ruble “is quite real,” she said. It will not replace the physical ruble, she added. The digital ruble project “fits very organically into what is called the development of the digital economy as a whole,” Nabiullina said. “A digital transformation is taking place. Of course, there must be a transformation of the settlement system.”
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New Zealand rejects digital currency—for now
No central bank digital currency for New Zealand, even though just 6% use cash for everyday needs
Christian Hawkesby, the assistant governor of the Reserve Bank of New Zealand, told a conference on Oct. 19 that a central bank digital currency (CBDC) won’t be released imminently. However, he stressed the country is “well connected” on the matter and continues to monitor developments closely. In other words, New Zealand wants another country to jump in first.
