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. Go to Source Powered by WPeMatico
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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. Go to Source Powered by WPeMatico
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, … Read more
Visa Taps Ethereum to Build its Digital Dollar Infrastructure
Visa remains the world’s leading credit and debit card issuer in the world. That company is also looking to enter the world of virtual money, and it seems the Ethereum blockchain will play a crucial role in the research. It has been coming for a while now, but the whole world will transition to virtual … Read more
Can Central Bank Digital Currencies Protect Individual Privacy?
Top crypto industry and policy experts debated the privacy ramifications of state-issued virtual currencies during the first day of Consensus. Go to Source Powered by WPeMatico
Leaders of the Digital Dollar Project Talk Privacy and the Next Century of Money
Former CFTC royalty and current leaders of a U.S.-based think tank to promote a digital dollar talk privacy in new AMA. Go to Source Powered by WPeMatico
$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American
On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest financial measure ever enacted by Congress … Read more
Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’
During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of the … Read more
Fed Nominee: Need for a Digital Dollar is an “Extremely Important Discussion”
Fed Nominee Judy Shelton speaks about the need for a digital dollar at a confirmation hearing in the US Senate Go to Source Powered by WPeMatico
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018 when Brainard maintained “there is no compelling demonstrated need for a … Read more
