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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. The Fed, of course, is hardly alone in mulling digital fiat currencies. As for the Fed, there’s no concrete decision yet to adopt such a currency, Mester said.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And, of course, the crypto landscape extends well beyond bitcoin. Of course, it’ll take some time to get there if we do. It’s not about going to production.”.

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The Lures – And Challenges – Of Central Bank Digital Currencies

PYMNTS

Frameworks, of course, offer guideposts and at least some movement toward standardization. The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”.

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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

The report and its objectives (with foundational principles for CBDCs) was done in collaboration between the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, Sveriges Riksbank, the Swiss National Bank and the BIS. In an interview with Karen Webster published Monday (Oct.

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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. Separately, of course, the People’s Bank of China (PBOC) has said that a test of a CBDC rests with small retail transactions — not large-volume transactions.

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Swiss Watchdog Tells Banks To Get Tough On Money Laundering

PYMNTS

The nation itself is among the biggest drawing grounds for offshore wealth deposits. Boston Consulting Group has estimated that as much as $2.5 Of course, as the news agencies have stated, many Swiss banks have been tied to various financial scandals (e.g., trillion has resided in the banks there as of recently.

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Opportunity Knocks With Door-To-Door Resurgence

PYMNTS

With direct marketing hit by robocall abuse and the National Do Not Call Registry , direct-to-consumer (D2C) brands and other not-so-usual suspects are looking into and in some cases reinstating door-to-door sales. It launched the first executive education course focused on direct selling last week in Winter Park, Florida.

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