A fully digital US dollar would be a better online currency than crypto, new Fed report suggests
from the President's Working Group on Financial Markets found gaps in the authority of regulators to address some stablecoin risks.
CBDCs could even improve cross-border payments, but such gains would take time to materialize. International CBDC transfers would require new infrastructure, government coordination, and enforcement to curb illicit finance. Still, a future network of CBDC could do away with transfer fees and long settlement times.A fully digitized dollar would come with its fair share of pitfalls, the Fed warned.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Does a Fed digital dollar leave any room for crypto stablecoins?A regulated dollar might be able to exist with stablecoins. Otherwise, we might witness a 'survival of the fittest' situation.
Baca lebih lajut »
Inflation isn't the biggest failure of the FedOPINION: “The left is correct that big banks are inefficient oligopolies that serve most Americans poorly. But it has the cause wrong. An immense regulatory compliance burden is a major barrier to market entry.'
Baca lebih lajut »
Former Fed Regulator Says Bitcoin Is ‘Absolutely a Tool for Social Justice’A former U.S. government regulator turned crypto adviser claims that Bitcoin is “absolutely a tool for social justice”. Speaking in an interview with Yahoo Finance, Charlene Fadirepo, a former audit manager at the Federal Reserve Board of Governors, said that Bitcoin is “absolutely a tool for...
Baca lebih lajut »
Harriette Cole: I’m fed up with the rude mom I work forPlus: I have details about this man’s bad behavior. Should I tell his wife?
Baca lebih lajut »
Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed PolicyCryptocurrencies have had a bumpy start to the year amid expectations that the Federal Reserve will raise rates as early as March, explains ahirtens WSJWhatsNow
Baca lebih lajut »
Digital cash gets a look from the FedIt’s not making any policy or design decision yet.
Baca lebih lajut »