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The House members asked for clarification on whether the Fed may be considering an “intermediated model” for a digital dollar that could require authorization from Congress. Go to Source Powered by WPeMatico
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system. Go to Source Powered by WPeMatico
“It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC,” said Representative Jim Himes. Go to Source Powered by WPeMatico
Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? Go to Source Powered by WPeMatico
Three Republican senators introduced a bill to protect Americans from the “Authoritarian Digital Currencies Act.” Go to Source Powered by WPeMatico
Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want. Go to Source Powered by WPeMatico
The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of resources into understanding digital currencies and the blockchain.” On Friday, Waller spoke during a panel that discussed central bank digital currencies (CBDCs) and said that … Read more
“We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship,” said Jake Chervinsky. Go to Source Powered by WPeMatico
“A U.S. CBDC may be one potential way to ensure that people around the world who use the dollar can continue to rely on the strength and safety of U.S. currency to transact and conduct business,” said the prospective Fed vice chair. Go to Source Powered by WPeMatico
Blockchain-based architecture was deemed “not a good match” as researchers weighed several technological designs. Go to Source Powered by WPeMatico
