Category: digital dollar

Fed chair Powell: A central bank digital currency could improve the payment system in the U.S.

Fed chair Powell: A central bank digital currency could improve the payment system in the U.S.

Jerome Powell, the chairman of the U.S. Federal Reserve, has acknowledged that a central bank digital currency (CBDC) could lead to improvements in the broader payment system in the U.S. During a panel discussion on cross-border payments hosted by the International Monetary Fund (IMF) on Monday, Powell said that “there are a number of ways […]

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U.S. Treasury Department official highlights ‘efficiency benefits’ of distributed ledger tech

U.S. Treasury Department official highlights ‘efficiency benefits’ of distributed ledger tech

Deputy Treasury Secretary Justin Muzinich said in a digital seminar on Wednesday morning that the U.S. Treasury is studying central bank digital currency (CBDB) tied to the dollar. This process is playing out alongside the long-term research initiative being conducted by the U.S. Federal Reserve, the central bank of the United States.  “There are clearly efficiency […]

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Ripple Co-founder Hints Shifting Base Out of the U.S, Blames Regulators

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that excessive regulations have been hurting innovation. Thus, they are planning to move the Ripple headquarters from San Franciso to other crypto-friendly […]

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