digital dollar

A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to inst ...

Federal Reserve Board governor Michelle Bowman shared her views on financial innovation in a speech at Harvard Law School on Oct. 17. Bowman has spoken several times on the topic, and her position seems to be growing more bearish. Bowman spoke at length about central bank digital curr ...

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.In a Sept. 7 announcement, Republican lawmakers on the committee said they ...

The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project.The project used a version of the DDP’s Cham ...

United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country. Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the U.S. if he is ...

House Member Alex Mooney of West Virginia introduced a bill against digital dollar testing that the U.S. Federal Reserve could conduct without congressional authorization. The proposed bill seeks to prevent the U.S. Federal Reserve (Fed) from launching a digital dollar pilo ...

U.S. presidential candidate Robert Kennedy Jr. again supported bitcoin and said that the SEC should not have people opposed to cryptocurrencies.</div In a recent interview, Robert F. Kennedy Jr. Kennedy Jr.) criticized the securities regulator for its bias against crypto ...

A Twitter poll initiated by the head of MicroStrategy has gone viral on the subject of whether U.S. presidential candidates should support people's right to use cryptocurrencies. As the 2024 presidential election draws near, the debate is also going viral among crypto-enthu ...

After the governor of Florida signed the law banning the digital dollar, other American states Louisiana, Alabama and North Dakota decided to "follow in its footsteps. Last week, Florida Governor Ron DeSantis signed into law a bill banning the U.S. Federal Reserve's (Fed) d ...

Federal Reserve Bank of Minneapolis President Neel Kashkari has spoken out strongly against central bank digital currencies, questioning whether they can improve the speed and efficiency of payments. Neel Kashkari noted that the topic of launching a digital dollar has recen ...

It's the U.S. Federal Reserve's first blockchain partner It lets you convert dollars into Stablecoins But the network will get some limitations The Metal Blockchain team announced a partnership with FedNow, the Fed's instant payment service. This i ...

They oppose the use of CBDC in the state Florida The Texas legislature has introduced a bill to ban central bank digital currency (CBDC). The text states that: "Retail CBDCs establish a direct link between the Fed and consu ...

A bill has been introduced in Texas that would prohibit the use of digital currency in the state by the U.S. Federal Reserve (Fed). The document details why the digital dollar is a bad idea. "Retail CBDCs are issued ...

Florida Governor Ron DeSantis said that if the U.S. Federal Reserve (Fed) launched its own digital currency, it would be banned in Florida. During a recent speech in Jacksonville, Governor Ron DeSantis again called for a ban on central bank digital currencies. He signe ...

Robert Kennedy Jr., an American political figure, has praised bitcoin as a safe haven due to its decentralization, which makes it less vulnerable to the risks inherent in traditional finance. In a recent tweet, Kennedy also brought up the FedNow platform, which allows for instant payments between ...

Christopher Giancarlo, the former chairman of the US Commodity Futures Trading Commission, has raised concerns about the potential for central bank digital currencies to infringe upon privacy rights and violate existing anti-money laundering rules and Know Your Customer procedures, which he believes ...