Redefining Money: America’s digital currency dilemma
As the United States House Financial Services Committee looks to further impede the introduction of a digital dollar, where does this resistance to a CBDC stem from?
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As the United States House Financial Services Committee looks to further impede the introduction of a digital dollar, where does this resistance to a CBDC stem from?
The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee.
The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking.
Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as the bill passed out of committee.
The National Payment Corporation will be responsible for the development of “digital financial infrastructure,” including the implementation of the digital tenge.
On Sep. 20 the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.
The digital assets subcommittee heard from five opponents of a U.S. CBDC without giving supporters equal (or any) time.
The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming.
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs.
The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would "undermine the American way of life."