ENGLISH SECTION: Considerations for a Central Bank Digital Currency piatafinanciara.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from piatafinanciara.ro Daily Mail and Mail on Sunday newspapers.
There is a mass shift from physical money to electronic payments, the Bank of England has underscored, saying that an electronic version of the pound sterling should be developed.
BoE to place usage limits on stablecoins for payments in the U K to ensure financial stability kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
<p><span>It is a pleasure to be with you today to discuss the evolving money and payments landscape in the United States, which is a topic of primary importance to the Federal Reserve. Technological innovation has changed this landscape in recent years, as we have seen the emergence of new financial services entrants offering payments services, new platforms designed to increase the speed of payments, clearing, and settlement, and new forms of digital money. Over the past several years, and as a direct result of these developments, we have seen a significant increase in attention on central bank digital currencies (CBDCs) from central banks around the world in addition to a great deal of international and domestic engagement on CBDC. A number of central banks have taken steps to begin exploring the potential uses of a CBDC in their home countries. A very small number have adopted a CBDC for their local jurisdictions. And of course, discussions of the purpose, design, and po
The Bank of England has confirmed at the Finance Global Summit in London that the first application for a digital pound would be wholesale, even as the U.S.…