The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.
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Category: digital dollar
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Hedge Fund Manager Brian Kelly Says Increasing Institutional Interest in Bitcoin Down to its Fixed Supply
Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks. Bitcoin Value […]
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US Federal Reserve Actively Working on Digital Dollar
The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. Several Digital Dollar Initiatives The president of the Federal Reserve Bank of Cleveland, Loretta J. Mester, […]
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Most Americans are against a digital dollar CBDC, survey reveals
U.S. citizens appear to be opposed to a digital dollar despite expressing concerns over the existing financial system.
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Why the Rise of the CBDC Is Bad for Your Privacy
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all but ready for primetime. Social Credit […]
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US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a […]
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Law Decoded: Big Tech, Central Banks and the Hunt for Monopolies, July 24-31
The leaders in this week’s policy news focus on some case studies in power accumulation that more than anything show why decentralization tech matters.
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Tech Like CBDCs Central to Senate Hearing on China-US Competition
Senate looks at tech and innovation, including CBDC development, as critical area within rising tensions with China.
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New Head of US Bank Regulator Talks Bringing Crypto to DC With Cointelegraph
New acting head of U.S. bank regulator talks about innovation expands financial inclusion and the government’s role in building frameworks for crypto.
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US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’
On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher Giancarlo, and members from the Electronic Transactions Association. The Covid-19 outbreak and following panic, […]
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