Federal Reserve Bank of New York

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‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the…

New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’

Post author:MiamiCrypto
Post published:November 20, 2022
Post category:BNY Mellon China china cbdc Citi Federal Reserve Bank of New York HSBC jerome powell Mastercard New York Fed New York Innovation Center News Per von Zelowitz PNC Bank Project Cedar td bank Truist U.S. Bank US CBDC Wells Fargo Wholesale CBDC

Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can…