Bahamas central bank prepares national Sand Dollar push this summer

Bahamas central bank prepares national Sand Dollar push this summer

The Bahamas is beginning a push for national digital currency adoption this summer, the central bank’s governor, John Rolle, said. The Central Bank of the Bahamas is preparing a national push for its digital currency this summer to get more Bahamians signing up for the Sand Dollar.In another move toward the adoption of the Bahamas’ central bank digital currency, the CBOB is now focused on connecting mobile Sand Dollar wallets with commercial banking systems,…

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Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar

Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar

Former Chairman of CFTC says it’s time for Federal government to create digital Dollar that is equivalent to the digital gold Bitcoin. Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC) believes it’s time for the Federal Reserve to issue a fully digital currency on Feb. 21. Giancarlo told Yahoo Finance’s On the Move program that the Federal Reserve must issue a digital currency in order to compete with China’s central bank…

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Japanese Officials Are Working on a Digital Currency

Japanese Officials Are Working on a Digital Currency

Japan appears to have reversed its earlier stance on CBDCs as Facebook’s Libra and China’s digital yuan pressure decision makers to release a digital yen. Ruling party lawmakers in Japan are reportedly working on a proposal to issue a national digital currency, Reuters reports on Jan. 24. This appears to be a response to fears of a Chinese digital yuan.The planned digital yen would be jointly developed by the government and private companies, and…

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World Economic Forum Debuts Framework for Central Bank Digital Currency

World Economic Forum Debuts Framework for Central Bank Digital Currency

The World Economic Forum has released a toolkit for policymakers regarding the creation of central bank digital currencies. The World Economic Forum (WEF) — together with some of the world’s major central banks — has created a central bank digital currency (CBDC) policymaker toolkit.According to an announcement  on Jan. 22, the toolkit is the WEF’s attempt to help policy-makers understand whether deploying a CBDC would be advantageous and guide them through its design.The WEF…

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