MIT, Boston Fed give digital dollar CBDC a modest test run
Blockchain-based architecture was deemed “not a good match” as researchers weighed several technological designs.
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Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published…
Former CFTC chair Chris Giancarlo joins Digital Asset’s board
Many in the crypto and blockchain space referred to Giancarlo as “Crypto Dad” for his role in supporting digital assets during his five years at the CFTC.
Fed issues discussion paper on benefits and risks of a digital dollar
"The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support," said the recently published paper.
China’s central bank releases pilot version of digital yuan wallet
The "e-CNY (Pilot Version)" app was made available for download on the Chinese Android and Apple app stores on Tuesday.
US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency
The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some…
Digital dollar needs broad consensus among authorities, says US Treasury Secretary
Such a move would require broad consensus among Congress, the U.S. central bank and the White House.
US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair
“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services...…
U.S. is not moving fast enough to develop a CBDC, says former CFTC chair
“We should act now to improve access to financial services through other means as well — the need is too great," said Tim Massad.
Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency
At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently…