Could a Chinese CBDC displace the dollar as the global reserve currency, undermine the U.S. sanctions regime or provide the Chinese government with the ability to increase surveillance on citizens?.
The IIF has provided comment on the FSB consultative document Addressing the regulatory, supervisory and oversight challenges raised by "global stablecoin" arrangements, published on April 14, 2020.
"Money Redesigned" is a new series of papers from IIF Digital Finance highlighting critical issues presented by the next generation of digital money.
John Collins of FS Vector joins FRT to discuss the Libra White Paper 2.0 and key updates in the initiative, against the backdrop of various developments with central bank digital currencies (CBDCs).
Libra’s refreshed white paper provides for a series of single-currency coins and greater regulatory oversight, but still leaves questions on KYC, monetary sovereignty for EMs, and the role of Facebook.
Huw van Steenis visits FRT to discuss the wide-ranging Future of Finance report that he authored for the Bank of England.
Please find our latest U.S. Regulatory Update, covering the Federal Reserve’s Semiannual Monetary Policy Report, Congressional Libra Hearings, Stress Testing and CCAR results, and Capitol Hill updates, among other topics.
Following his testimony at the US Congressional hearings on Facebook’s proposed Libra digital currency, Professor Chris Brummer joins FRT to discuss the top takeaways and the potential implications for other initiatives in the digital currency landscape (with Brad Carr & Conan French).
The IIF has summarized key themes that emerged from the Facebook Libra hearings before both the Senate Banking Committee and the House Financial Services Committee this week in Washington.