Tim Lane, deputy governor of Canada's central bank, said Wednesday that the ongoing coronavirus pandemic may ultimately accelerate the institution's decision-making process on whether to issue a digital currency.
Last week, ‘Fiat Freeway’ explored Visa’s novel offline payment system (OPS) protocol, which expands the global payments technology company’s fast-growing digital ecosystem into CBDC. We’ve also previously covered Paxos’ $142M Series C fundraising, FinCEN’s proposed KYC rule for digital wallets, digital asset firms seeking banking licenses, digital asset industry backlash from Capitol Hill, China’s Digital […]
Last week, ‘Fiat Freeway’ reviewed an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins for US foreign policy in Venezuela, and a BIS paper on “rigid stablecoins” from the late Bank of Amsterdam. To date, we’ve mostly covered CBDC updates, including the ECB’s ‘digital euro’ initiative, the Fed’s classification of […]