Reserve requirement, Bank, Bank of England, Central banks, Federal Reserve System, Central bank

In the CBDC Race, It’s Better to Be Last

On Nov 2, 2020
@CoinDesk shared
OPINION: "Let Europe, Sweden, the U.K. or Canada become guinea pigs for this new technology. And then closely monitor the many political, legal, and technological problems these early adopters inevitably encounter," says @jp_koning. #cbdc https://t.co/LnJGryIqRF
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As countries like China and Sweden rush to develop digital currencies, the U.S. can afford to take its time.

www.coindesk.com
On Nov 2, 2020
@CoinDesk shared
OPINION: "Let Europe, Sweden, the U.K. or Canada become guinea pigs for this new technology. And then closely monitor the many political, legal, and technological problems these early adopters inevitably encounter," says @jp_koning. #cbdc https://t.co/LnJGryIqRF
Open

In the CBDC Race, It’s Better to Be Last

In the CBDC Race, It’s Better to Be Last

As countries like China and Sweden rush to develop digital currencies, the U.S. can afford to take its time.

Digital Dollar: A Peek Into The Future

Digital Dollar: A Peek Into The Future

Digital Dollar project is just the start of the world revolutions. Check out this guide to learn about the initiative, use cases, foundation, and many more.

Morning Brief 8.25.20: Amazon Go may be coming to Whole Foods

Morning Brief 8.25.20: Amazon Go may be coming to Whole Foods

Boston Fed looks for blockchains for digital dollar; and other information you need to start your day, from PaymentsSource and around the web.

The Digitalization of Payments and Currency: Some Issues for Consideration

The Digitalization of Payments and Currency: Some Issues for Consideration

I want to thank Darrell Duffie for inviting me to discuss the future of payments. 1 Digitalization is enabling consumers and businesses to transfer value

After Coronavirus ‘War,’ Bretton Woods-Style Shakeup Could Dethrone the Dollar

After Coronavirus ‘War,’ Bretton Woods-Style Shakeup Could Dethrone the Dollar

Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.

US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT

US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT

Lael Brainard said the Fed has been “collaborating with researchers at MIT” toward building a CBDC codebase.

The Fed's Cryptocurrency Head Fake | Opinion

The Fed's Cryptocurrency Head Fake | Opinion

A closer parsing of the Fed chair's words suggests we should be skeptical. Cryptocurrencies are more than just electronic money.

US Federal Reserve Hiring Retail Payments Manager to Research Digital Currencies

US Federal Reserve Hiring Retail Payments Manager to Research Digital Currencies

The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies as part of a new hire.

Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

The Fed and Massachusetts Institute of Technology are looking at the feasibility of digital dollars. Here's the scoop.

US elections...bitcoin

US elections...bitcoin

Opinions are mixed over how the US elections and other significant developments will affect Bitcoin, but one thing is for

The Federal Reserve Is Changing What It Means to Be a Central Bank

The Federal Reserve Is Changing What It Means to Be a Central Bank

By lending widely to businesses, states and cities, the Fed is breaking taboos about who gets money to prop up a frozen U.S. economy, risking a political backlash down the line.

US Democrat bill for Covid-19 plans digital dollar for stimulus to unbanked

US Democrat bill for Covid-19 plans digital dollar for stimulus to unbanked

A draft US Democrat bill to provide a Covid-19 stimulus suggests using a Digital Dollar or central bank digital currency to disribute cash to citizens

Forget Checks, How About Giving Everyone a Federal Reserve Account?

Forget Checks, How About Giving Everyone a Federal Reserve Account?

This is no frivolous proposal. If the banks get access to trillions in U.S. dollars, why not you?

Fed Chairman: ‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold

Fed Chairman: ‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold

Fed Chairman Powell has said that a globally prevalent cryptocurrency could conceivably remove the need for reserve currencies.

Fear of Facebook spurs calls for Fed to build rival digital currency

Fear of Facebook spurs calls for Fed to build rival digital currency

The head of the Bank of England has floated the idea that central banks could create a network of digital currencies to replace the dollar as the world's reserve currency. Those discussions ...

Banks Want Efficiency. Critics Warn of Backsliding.

Banks Want Efficiency. Critics Warn of Backsliding.

The Federal Reserve is streamlining postcrisis bank regulation. The end result could be lower capital requirements for the biggest banks.