CBDC: US House Representatives Ask Federal Reserve to Consider Issuing a National Digital Currency

October 3, 2019 @ 8:44 am By Omar Faridi |

Two US lawmakers have asked the Federal Reserve to consider issuing a digital version of the US dollar (or Central Bank Digital Currency – CBDC). Rep. Bill Foster (D-III.) and Rep. French Hill (R-Ark.) have submitted a letter to Federal Reserve Chairman Jerome Powell in… Read More

Banking Advisors to US Federal Reserve Say Private Currencies Like Libra Pose Risks

October 2, 2019 @ 9:08 pm By Cali Haan |

Banking advisors to the US Federal Reserve have warned that Facebook’s proposed private currency network, Libra, will disrupt conventional banking and could function as a “shadow banking” system if not properly regulated. They also warned that, “In extremis, alternative currencies could usurp the prudential authority… Read More