Future of Money

Given the extent of financial sanctions following its full-scale invasion of Ukraine, Russia is trying to open alternative channels for cross-border payments.

Cryptocurrency regulators around the world face multiple challenges. They must protect customers and put in place safeguards to prevent the next FTX-style collapse, all while coordinating across diverse jurisdictions.

Imagine a network that combines both messaging and settlement to become a one-stop shop for international payments. It’s time for the US and its allies and partners to make that idea a reality.

This year, the US will launch its FedNow instant payment network. But even after FedNow launches, the US will still have a ways to go before consumers can access instantaneous digital payments.

The e-CNY network has expanded over the last year, and China’s goals have only become clearer. Domestically, the People’s Bank of China is still in test-and-learn mode, globally, China is more focused on setting defining international standards.

Despite only being three months into 2023, these 18 countries have made significant progress on central bank digital currencies.

The New York Federal Reserve’s latest project shows the United States making its presence felt in the digital-currency race.

What are the realistic alternatives to the dollar that US and allied policymakers should be paying attention to? And how can they respond?

China’s CBDC, the e-CNY debuted at the world stage during the Olympic Games. Here’s what we know so far.