CBDC

MUFG

Consortium of Japanese firms to test launch digital currency

A consortium of roughly 70 Japanese firms, including the country’s three mega-banks, will begin experiments to launch a digital currency as early as the latter half of 2022, ...

Crypto Coins

Peru’s central bank joins global push to develop a digital currency

Peru is joining the global push to develop a central bank digital currency (CBDC), central bank President Julio Velarde said on Tuesday, as policymakers worldwide seek to keep pace...

Digital currencies

G7 finance officials endorse principles for central bank digital currencies

G7 finance officials have endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound...

Crypto Coins

New money: Central banks lay out operating manual for digital cash

A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concern...

Crypto Coins

Powell says a Fed digital currency could undercut need for cryptocurrencies

Federal Reserve Chair Jerome Powell on Wednesday said one of the stronger arguments for the US central bank to set up a digital currency is that it could undercut the need for priv...