The central bank of South America’s largest economy explained that the study’s objective is to evaluate the benefits and overall impact of the issuance of a digital version of the Brazilian fiat currency—the real.
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Google searches for CBDC's spiked as much as Bitcoin did in late 2017/early 2018, and Libra in 2019 (Photo: BIS)Central bank digital currencies capture public’s interest like Bitcoin, Libra
Google searches about CBDCs have grown as fast in 2020 as Facebook’s Libra did last year and Bitcoin in late 2017/early 2018
According to an Aug. 24 report from the Bank for International Settlements, “there is growing discussion of a new payment technology: central bank digital currencies (CBDCs).”
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A former reserve Bank of India governor thinks Libra, Bitcoin and central bank digital currencies should learn to play nice (Photo: Max Pixel)Ex-Reserve Bank of India governor: Bitcoin, Libra and central bank digital currencies can co-exist
Raghuram Rajan, the former RBI governor, says competition between private and public initiatives is crucial to prevent one asset becoming too powerful
A former governor of the Reserve Bank of India has said that he believes private digital currencies such as Facebook’s Libra should be allowed to compete with central bank digital currencies—and warned it would be “problematic” if any single asset establishes a monopoly.
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The U.S. Federal Reserve is actively researching a digital dollar, according to Fed Governor Lael Brainard (Photo: Council on Foreign Relations)Fed Governor says U.S. is researching a digital dollar
The Federal Reserve may be well behind China, but news that it is actively looking at a central bank digital currency is a big step forward
Federal Reserve Governor Lael Brainard said Thursday a U.S. central bank digital currency won’t happen overnight. A significant policy process which the Fed has not committed to would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders.