As physical cash use declines and new cryptocurrencies arise, central banks are looking for ways to maintain control over their financial systems

Trade body and thinktank commend House Financial Services Committee for backing the need for Congressional approval before a central bank digital currency can be issued

Trade body and thinktank criticize central bank digital currencies before the Subcommittee on Digital Assets, Financial Technology and Inclusion

The bank is increasing its research into digital currencies in partnership with MIT