Fed Chair Jerome Powell: U.S. looking into digital currency
11/20/19
UPI
Nov. 20 (UPI) -- The U.S. Federal Reserve is eyeing development of its own digital currency, Chairman Jerome Powell has said in a letter to federal lawmakers.
In the letter, addressed to Rep. French Hill, R-Ark., and Rep. Bill Foster, D-Ill., Powell said a central bank digital currency, or CBDC,… Read more »
US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System
11/20/2019
CoinTelegraph
The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose.
Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill… Read more »
Fed Chair Tells Hill No Plans for U.S. Dollar Digital Currency
11/20/2019
Bloomberg Law
Federal Reserve Chairman Jerome Powell doesn’t see a central bank digital currency adding to the U.S. payments landscape in the same way it might for other countries’ needs, according to a letter to two House lawmakers.
“The characteristics that make the development of central bank digital… Read more »
Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman
11/20/2019
Yahoo Finance
Federal Reserve Chairman Jerome Powell has said his institution is looking into the possibility of developing a central bank digital currency (CBDC).
In a Nov. 19 letter responding to questions from lawmakers Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.) in late… Read more »
The Fed Is Analyzing A Central Bank Digital Currency, But Would The US Benefit As Much As Others?
1/20/2019
Bitcoin Exchange Guide
The U.S. Federal Reserve System (FED) is analyzing the possibility to issue a digital dollar. Although there is nothing confirmed, Jerome Powell, the Chairman of the FED, explained that they are exploring whether it makes sense to issue a Central Bank… Read more »
WASHINGTON, D.C. — Recently, Arkansas Business published Congressman French Hill’s (AR-02) op-ed responding to the recent Business Roundtable (BRT) “Statement of the Purpose of a Corporation.” The statement, which has been signed by 181 CEOs, commits them to “lead their companies for the benefit of stakeholders – customers, employees, suppliers, communities, and shareholders” –… Read more »
WASHINGTON, D.C. — Today, the House Financial Services Committee unanimously passed H.R. 4403, the Stop Debt Collection Abuse Act, legislation introduced by the Ranking Member of the Subcommittee on National Security, International Development and Monetary Policy, Congressman French Hill (AR-02). This bill would help safeguard American consumers by strengthening protections against… Read more »
Libra’s regulatory hurdles appear taller after House hearing
Roll Call
11/05/19
Facebook CEO Mark Zuckerberg provided only a few additional details about the company’s proposed cryptocurrency to a House Financial Services Committee on Oct. 23 that generally didn’t like what it heard.
Zuckerberg said Facebook wouldn’t proceed with the proposed Libra until it had satisfied… Read more »
IBM Report: Central Bank Digital Currencies Getting Closer to Reality
Blockonomi
11/05/19
Multinational tech powerhouse IBM has co-published a new report that hails central bank digital currencies, or CBDCs, as all but inevitable in the years ahead.
Written in collaboration with the Official Monetary and Financial Institutions Forum (OMFIF), the report, which was… Read more »
World ‘sleepwalking’ toward second financial crisis, warns ex-Bank of England head
Micky
10/31/19
The former head of the Bank of England believes that the global financial system is heading towards a second devastating economic crisis – the same kind of crisis that inspired Satoshi Nakamoto to develop Bitcoin.
Global financial crisis ahead
Speaking at the annual meeting of… Read more »
