Category: CBDC

Biden Issues Executive Order Paving the Way for a Federal Digital Currency

President Joe Biden is set to sign an executive order Thursday meant to explore the possible creation of a U.S. Central Bank Digital Currency (CBDC). This is a digital currency that would be issued by a central bank like the Federal Reserve unlike cryptocurrencies like bitcoin which are not controlled by a single entity. The…


Digital Euro, Swiss Franc Trials Were Successful, C.banks Say

ZURICH—Europe’s first cross-border trial of central bank digital currency payments has been described as a success by the central banks of Switzerland and France, though they said it would not immediately lead to the issuance of CBDCs. Project Jura, named after the mountains between the two countries, is the latest in a series of CBDC…