Paid-members only G20 economies are leading efforts to develop CBDCs, global stablecoins and other crypto-assets. The growing presence of new forms of digital money and crypto used as a means of payment pose several policy and challenges such as cross-border usage
Paid-members only Last week, the former chief of internet enforcement at the SEC predicted FTX rival Binance, the world's largest crypto exchange, could see a run on deposits—potentially causing "devastating investor carnage."
SWIFT Experimental CBDC Connector 5,000 transactions were simulated between two different blockchain networks and with existing fiat-based payment systems.
Paid-members only Santander n addition, both CBDCs and stablecoins could be seen as a new standard of payment and bank deposits, which could inadvertently increase disintermediation across the financial system. This could exacerbate financial instability
Janet Yellen 4 hours ago on the bank run - "we are going to bail out but we are focused on the depositors."
