Author: Michael Sung, Fudan University A few years ago, governments were not prepared to accept any potential systemic disruption that digital currencies could have on the international monetary system. But positions have been changing drastically. Facebook’s June 2019 announcement of its own digital currency, initially called Libra, then known as Diem, was a shot heard
Cryptocurrencies updates Sign up to myFT Daily Digest to be the first to know about Cryptocurrencies news. The writer is a senior fellow at Harvard Kennedy School The emergence of central bank digital currencies is inevitable. Research on CBDC design and implementation is under way around the world. China is seven years into the process
Wednesday, officials with the University of Texas at El Paso (UTEP) opened their new 3D manufacturing engineering facility in central El Paso. University officials hope the new facility will spur new economic development in the Paso del Norte region. UTEP hosted a ribbon cutting ceremony on Wednesday to commemorate the official opening of the 3D
As the role of central banks evolves, innovations that will boost financial inclusion need to be at the forefront of all actions they undertake. That’s the conclusion of the two-year Central Bank of the Future research project, conducted by the Ford School of Public Policy’s Center on Finance, Law & Policy, with support from the
CryptoCorner Nearly 90% of the world’s central banks are developing digital currencies, apparently pressured by the rise of Bitcoin and other cryptocurrencies. Central banks, including the U.S. Federal Reserve, apparently seek to build on cryptocurrency’s innovative technology, including blockchain, an unbreakable record of transactions. Chetan Ahya, Chief Economist and Global Head of Economics at Morgan
A consumer uses a digital yuan red envelope in a mobile phone to buy goods at a digital yuan cashier’s desk Costfoto/Barcroft Media via Getty Images Yao Qian, the former head of China’s digital yuan team said central bank digital currencies could use blockchain networks like ethereum in the future, Sina Finance reported on Monday.