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Digital currency will help the US dollar maintain its power and underpin a new infrastructure for transactions and exchanges, Circle CEO and co-founder Jeremy Allaire told Yahoo Finance at the ...
Following the long-awaited Fed discussion paper about the pros and cons of a potential U.S. central bank digital currency (CBDC) on Jan. 20, Bank of America economic analysts said they anticipate a...
Policymakers in the United States are still no closer to developing a central bank digital currency (CBDC) following the latest Federal Reserve meeting this week.
A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with over half in advanced development, pilot or launch stages, a closely ...
During a campaign stop in New Hampshire, former President Donald Trump vowed to block the creation of a U.S. Central Bank Digital Currency, calling it “a dangerous threat to freedom.”
Since 2014, China's central bank has been working on a project called DCEP (Digital Currency Electronic Payment) or digital renminbi, [8] often also referred to as the "digital yuan" as it would be backed by the yuan. [9] At the end of 2017, the China's central bank organized a number of banks and institutions to jointly develop the DCEP system.
A digital dollar could level the playing field. ... new technology in the form of a Central Bank Digital Currency ... give us an alternative to low interest rates that can get our country out of ...
Federal Reserve officials recently have amped up the tone and tempo around their exploration of a digital version of the U.S. dollar, a high-stakes undertaking for the central bank backing the ...