US Fed researcher says CBDCs should beat Big Tech payments on privacy protection
The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin. Go to Source Powered by WPeMatico
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‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’
Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as his commentary was quite similar to the recent … Read more
Privacy should be at the core of CBDCs, says Boston Fed research director
Privacy should be a key talking point from the beginning of CBDC development. Go to Source Powered by WPeMatico
US central banker urges digital dollar development
FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar. Go to Source Powered by WPeMatico
$18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base
Bitcoin’s market cap is rapidly surpassing the monetary base of multiple national currencies and it looks like the Canadian dollar is next. Go to Source Powered by WPeMatico
US Fed economists are exploring the “intrinsic” value drivers of CBDCs
Fed economists are beginning their deep dive into CBDC research, hoping to identify the “intrinsic” value drivers of a digital dollar. Go to Source Powered by WPeMatico
Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions
While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street corporatists than it did in 2008. The … Read more
Law Decoded: How I learned to stop worrying and love the election, Oct. 23-30
The age-old question quis custodiet ipsos custodes crops up in force in today’s Law Decoded. Go to Source Powered by WPeMatico
Central bank digital currencies have the power to upend global finance
Central bank digital currencies will fundamentally change our conceptions of money and its uses. Go to Source Powered by WPeMatico
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold for international transactions to be set at $250 down … Read more
