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

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

Maybe – but first comes a focus on policy. Separately, a significant policy process would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders,” Brainard said in the speech. Digital dollars on the horizon?

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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. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. She said, too, that “an increase in protectionist policies” may present risks in a landscape where foreign payment service firms still hold sway.

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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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John Hancock Insurance Review: Great Discounts With Wellness Programs

MyBankTracker

John Hancock, also known as The John Hancock Life Insurance Company, was founded in 1862 with operations based mainly in Boston, Massachusetts. Coverage amount and available riders may vary depending on how your purchase your policy (i.e. The Boston-based representatives have minimum policy limits they will issue estimates for.

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CFPB announces advisory committee members

CFPB Monitor

Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC). The other individuals appointed to the CBAC are: John Buhrmaster, President & CEO, First National Bank of Scotia (Scotia, NY). Clarksdale, MS).

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