“We should act now to improve access to financial services through other means as well — the need is too great,” said Tim Massad.
Digital dollar advocate will retire as Dallas Fed president
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 still undecided about digital dollar, says Chair Jerome Powell
Fed Chair Jerome Powell says there is no pressure to rush any central bank digital currency development plans.
New bill proposes US Treasury to have full authority over fiat stablecoins
The bill also calls for the Federal Reserve to be vested with the clear authority to issue a digital dollar.
Countries representing over 90% of global GDP are exploring CBDCs
Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China appears to be pulling ahead and has plans to implement digital-yuan usage during the 2022 Winter Olympics in Beijing.
Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.”
Accenture and Digital Dollar Foundation to trial United States CBDC this year
Five pilot programs will gather data on a digital dollar in the United States over the next 12 months.
Bahamas ranked first for retail CBDC development, according to PwC
Countries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report.
Former OCC official says crypto has backing but dollar ‘may not’
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.”
Ex-CFTC Chair Christopher Giancarlo Stumps for Digital Dollar
“Crypto dad” made his case for the next evolution of America’s greenback.
Ex-CFTC Chair Christopher Giancarlo Stumps for Digital Dollar
“Crypto dad” made his case for the next evolution of America’s greenback.
What Is a CBDC?
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.
The US Risks Getting Left Behind on CBDCs
The Federal Reserve’s “wait and see” approach to digital currency could deprive the U.S. of important fiscal and monetary tools as its rivals move ahead.
Chris Giancarlo’s Digital Dollar Project Proposes US CBDC Pilots
The proposal games out CBDC scenarios for fundamentally different potential digital currency end users.
‘It’s Something We’re Studying’: Deputy Treasury Secretary Discusses US CBDC Plans
“It’s something we’re studying … this is really a decision which sits as much with the Fed as it does with Treasury,” said Deputy Secretary Justin Muzinich.
You Think Crypto Isn’t Ready to Be Money? Consider the Coin Shortage
If the United States had a digital dollar, we wouldn’t need to worry about a lack of coins at retailers like Target and Kroger.
Boston Fed Is Looking at ’30 to 40′ Blockchain Networks for Digital Dollar Experiments
The Federal Reserve Bank of Boston is evaluating more than 30 different blockchain networks to determine if they would support a digital dollar
The Federal Reserve Is Experimenting With a Digital Dollar
The Federal Reserve is actively investigating the potential impact of a digital dollar, though it has no plans to issue one anytime soon.
Senate Hearing Sees Digital Dollar as a Tool for Economic Supremacy
The digital dollar again appeared during a Senate hearing. However, it wasn’t the focus of the hearing, but rather just another tool that can be used to maintain U.S. hegemony.
How a Digital Dollar Can Make the Financial System More Equitable
Digital dollars can promote a more inclusive financial system, or they can contribute to already-growing economic inequality in the U.S.