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Blockchain Association policy head: US shouldn't compete with China's CBDC using surveillance tools
16.3.2022
"We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship," said Jake Chervinsky
Fed's Lael Brainard hints at US playing a lead role in development of CBDCs
18.2.2022
“A U.S. CBDC may be one ... way to ensure that people ... can ... rely on ... U.S. currency to ... conduct business," said Brainard
MIT, Boston Fed give digital dollar CBDC a modest test run
11.2.2022
Blockchain-based architecture was deemed “not a good match” as researchers weighed several technological designs
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code
5.2.2022
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings...
Former CFTC chair Chris Giancarlo joins Digital Asset's board
25.1.2022
Many in the crypto and blockchain space referred to Giancarlo as “Crypto Dad” for his role in supporting digital assets during his five years at the CFTC
Does a Fed digital dollar leave any room for crypto stablecoins?
21.1.2022
Could stablecoins be undone by a Federal Reserve that takes consumer deposits? Would retail banks be hobbled?
US Fed Wants Answers To 22 Questions About Digital Dollar
21.1.2022
The US Federal Reserve (Fed) has released its digital dollar whitepaper, and is seeking answers to 22 questions related to its central bank digital currency (CBDC) project from a wide range of stakeholders....
Read More: US Fed Wants Answers To 22 Questions About Digital Dollar
Fed issues discussion paper on benefits and risks of a digital dollar
20.1.2022
"The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support," said the recently published paper
US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals
14.1.2022
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,”...
BIS Claims a CBDC Interoperability Victory – While US Congressman Bids to Block Digital USD
13.1.2022
The Bank for International Settlements (BIS) says it has made another breakthrough in its central bank digital currency (CBDC) interoperability project – claiming that it has “successfully tested” the integration of wholesale CBDC settlement with commercial banks....
Read More: BIS Claims a CBDC...
US lawmaker proposes bill aimed at limiting Fed's ability to issue CBDC
12.1.2022
Having the Fed require users to open accounts to access the benefits of a digital dollar would put it "on an insidious path akin to China’s digital authoritarianism," according to Tom Emmer
China’s central bank releases pilot version of digital yuan wallet
4.1.2022
The "e-CNY (Pilot Version)" app was made available for download on the Chinese Android and Apple app stores on Tuesday
US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency
3.12.2021
The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also meaningful costs.” Janet...
Digital dollar needs broad consensus among authorities, says US Treasury Secretary
3.12.2021
Such a move would require broad consensus among Congress, the U.S. central bank and the White House
US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair
23.11.2021
“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services... I think there’s a strong case for that,” said Pat Toomey
US is not moving fast enough to develop a CBDC, says former CFTC chair
17.11.2021
“We should act now to improve access to financial services through other means as well — the need is too great," said Tim Massad
Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency
16.11.2021
At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal...
Digital dollar advocate will retire as Dallas Fed president
27.9.2021
At a November 2020 virtual conference, Rob Kaplan said "it is critical that the Fed focuses on developing a digital currency in the coming months and years."
Fed Chair Powell Updates Progress of Digital Dollar, Says ‘I Don’t Think We Are Behind’ on CBDC
24.9.2021
Federal Reserve Chairman Jerome Powell has shared the progress of the Fed’s work on a central bank digital currency (CBDC), the digital dollar. “We are working proactively to evaluate whether to issue a CBDC and, if so, in what form,” he said, adding that he does not believe...
Fed still undecided about digital dollar, says Chair Jerome Powell
23.9.2021
Fed Chair Jerome Powell says there is no pressure to rush any central bank digital currency development plans