Tagged: digital dollar

October 19, 2022 @ 2:09 pm By JD Alois  |  

The concept of a central bank digital currency (CBDC), privately issued stablecoins, and digital currency, in general, has swirled together for some time now. Some policymakers and pundits believe that for the dollar to continue to reign as the world’s default currency, it must move… Read More

September 19, 2022 @ 10:47 pm By Omar Faridi  |  

EMTECH, a central banking infrastructure provider, announced it will take part in the recently announced Technical Sandbox Program by The Digital Dollar Project in order “to explore the new possibilities of a U.S. CBDC ‘Digital Dollar’.” As one of the 4 announced technical vendors, EMTECH… Read More

May 26, 2022 @ 7:36 am By JD Alois  |  

Lael Brainard, the Vice-Chair of the Board of Governors at the US Federal Reserve, will testify today at the House Committee on Financial Services on the hot topic of Central Bank Digital Currencies (CBDCs). The Fed is currently researching the viability of a digital dollar… Read More

April 7, 2022 @ 3:16 pm By JD Alois  |  

Speaking at American University today, Secretary of the Treasury Janet Yellen addressed the emerging sector of digital assets as well as stablecoins and central bank digital currencies (CBDCs). Secretary Yellen reflected on the growth of digital assets, rising from just $14 billion to around $3… Read More

March 24, 2022 @ 4:45 pm By JD Alois  |  

In his annual letter to shareholders, Blackstone CEO Larry Fink commented on a broad range of issues including the “end of globalization” and the power of capital markets. The end of globalization is largely due to the unprovoked invasion by Russia and war in Ukraine… Read More

February 2, 2022 @ 9:53 am By JD Alois  |  

While multiple countries around the world are pushing forward with a central bank digital currency (CBDC) and the US is reviewing the pros and cons, one prominent DC-based think tank is telling public officials not to move forward on a digital dollar. The Competitive Enterprise… Read More

November 15, 2021 @ 4:08 pm By JD Alois  |  

Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live… Read More

July 15, 2021 @ 4:04 pm By JD Alois  |  

“I am concerned about getting this right.” – Jerome Powell Federal Reserve Chairman Jerome Powell hiked up to Capitol Hill this week to visit with the House Financial Services Committee and Senate Banking Committee. The House Comittee held a hearing yesterday with Senate Banking holding… Read More

March 29, 2021 @ 10:47 pm By Omar Faridi  |  

The US Federal Reserve’s Digital Dollar initiative may be of concern to Wall Street, according to a report from Bloomberg. The financial services sector may have to prepare for what might be its most significant disruption during the past few decades, according to the report…. Read More

February 24, 2021 @ 12:19 pm By JD Alois  |  

Today, Jerome Powell, Chairman of the Federal Reserve, returned to Capitol Hill for a hearing on the House side pertaining to Monetary Policy and the State of the Economy. Once again, much of the discussion hovered around COVID, monetary policy and his opinion on the… Read More

February 23, 2021 @ 11:52 am By JD Alois  |  

During testimony provided at the US Senate Banking Committee hearing today, Federal Reserve Chairman Jerome Powell commented on the possibility of launching a “digital dollar” calling it a high-priority project for them. Powell was testifying in front of the Senate Banking Committee as part of… Read More

October 27, 2020 @ 8:13 am By Omar Faridi  |  

A report published by Global Digital Finance notes that during the past 18 months, the developments related to central bank digital currencies (CBDC) have “accelerated dramatically.” CBDC projects have gone from the research stage to formulating key policy requirements. Countries like China have even introduced… Read More

July 22, 2020 @ 11:36 pm By Omar Faridi  |  

The US Federal Reserve has confirmed on multiple occasions that it has no immediate or concrete plans to introduce its own digital currency. However, Robert Bench, the Assistant VP working in the secure payments group at the Federal Reserve Bank of Boston, said that the… Read More

June 25, 2020 @ 11:10 pm By Omar Faridi  |  

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More

May 30, 2020 @ 5:20 pm By Omar Faridi  |  

The developers of the Digital Dollar project have published a detailed whitepaper that outlines the steps required for the US to issue its own virtual currency. As confirmed in the paper, the Digital Dollar Project is being developed with the assistance of the Digital Dollar… Read More

February 24, 2020 @ 7:41 am By Omar Faridi  |  

Christopher Giancarlo, former chairman at the US Commodity Futures Trading Commission (CFTC), recently stated that it may be time for the US Federal Reserve to introduce a digital currency. Giancarlo, whose comments came during Yahoo Finance’s On the Move show on February 21, said that… Read More