In the News

Digital Currency Revolution Series: US Fed Studies Possibility of Digital Dollar and Its Impacts 1/21/2019 EconoTimes In the era digital world, the digital currencies are evolving amid economic and financial turbulence across the globe. Regulatory frameworks have been conducive but stringent. For a classic instant, as the global regulators have been tormentors to slam and defer… Read more »

U.S. Fed Says No Plans for CBDC, but Evaluation of Costs and Benefits is Ongoing 11/21/2019 DCEBrief In a recent response to a letter from U.S. Representative French Hill, Federal Reserve Chairman Jerome Powell confirmed that the central bank has no plans to issue its own central bank digital currency (CBDC). However, Powell acknowledged that the bank is continuing to evaluate the… Read more »

Digital dollar: US Fed analysing possible impact on economy 11/21/2019 Cryptopolitan The central bank of digital currency (CBDC) or digital dollar is currently under study since the implications can be tough for the existing economic system in the United States. The United States Federal Reserve (Fed) System is now assessing the risks on the financial structure. The Fed board… Read more »

Fed Chairman Responds to Lawmakers: We’re Analyzing “Digital Dollar” 11/21/2019 Blockonomi Questions have recently been swirling in the U.S. around whether the Federal Reserve, the central banking system of the country, would eventually push forward on digitizing the dollar via blockchain tech. Now, Federal Reserve Chairman Jerome Powell has given his clearest positions on how… Read more »

Fed's Powell Says in Letter to Congress Fed Not Creating Digital Currency 11/21/2019 Morningstar Federal Reserve Chairman Jerome Powell said in a letter to a congressman on Tuesday that the U.S. central bank doesn't currently have plans to launch a digital currency and sees the adoption of something like it difficult in the U.S. Mr. Powell's comments come from a letter to Rep.… Read more »

Fed Chairman Powell calls U.S. central bank digital currency pointless 11/21/2019 Modern Consensus Federal Reserve Chairman Jerome Powell poured cold water on the idea of a United States-issued central bank digital currency (CBDC) happening anytime soon. In a November 19 response to questions from Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.), Powell wrote, “it is not… Read more »

Competition for Bitcoin? Also the USA are now planning the introduction of a digital currency 11/21/2019 Cryptocurrency The Chairman of the US Federal reserve’s Jerome Powell, has confirmed: The U.S. is planning for the introduction of a digital Central Bank currency (CBDC). America is following in many other countries that want to introduce national digital currencies. At the… Read more »

Fed Chair Powell Issues Written Response on the US Dollar and the Digital Currency Race 11/21/2019 The Daily Hodl Federal Reserve Chairman Jerome Powell has responded to lawmakers who have urged him to consider issuing a digital US dollar. In a letter to Congress this week, Powell appears to weigh the pros and cons. He says he is both exploring the idea of a central bank digital… Read more »

Chairman Powell Says Fed is Looking into Central Bank Digital Currency 11/21/2019 CryptoGlobe Jerome Powell, chairman of the U.S. Federal Reserve, says that the institution is looking into the possibility of developing a central bank digital currency. According to a letter published Nov. 19, Powell said that the Fed is aware of the efforts of other countries, such as China, to… Read more »

The Federal Reserve is looking into developing a digital currency in the US, Powell confirms 11/20/19 Markets Insider US central bankers have explored the possibility of developing a digital currency that would be directly available to businesses and households, Federal Reserve Chairman Jerome Powell confirmed to lawmakers this week. "While we are not currently developing a… Read more »