Category: digital dollar
U.S. Congressman Don Beyer has introduced a new bill that seeks to regulate the crypto market, with the goal to protect investors and encourage innovation.
The post US Congressman Proposes Crypto Market Regulation Bill appeared first on BeInCrypto.
U.S. House of Representatives members have proposed a new bill that will provide a definition for cryptocurrencies under the Securities Act.
The post Bill to Include Crypto in Securities Act Proposed by US House appeared first on BeInCrypto.
U.S. Federal Reserve Chair Jerome Powell said that a dollar-based CBDC could undercut the need for cryptocurrencies and stablecoins.
The post Fed Chairman: Dollar-Based CBDC Could Reduce Need for Stablecoins appeared first on BeInCrypto.
On Thursday, June 10, the Central Bank of Nigeria (CBN) announced that it preparing for the launch of the central bank digital currency (CBDC) aka Digital Naira and that should happen before the end of 2021. Rukayat Mohammed, the Director of Information Technology (IT) for the CBN made this disclosure yesterday in a virtual briefing
The post Central Bank of Nigeria (CBN) Plans For a CBDC Launch By the End of 2021 appeared first on Coingape.
Jun 2, 2021 | Beijing Winter Olympics, CBDC, Central Bank Digital Currencies, China CBDC, Chinese central Bank, Crypto News, digital dollar, digital renminbi, digital yuan, News, PBoC, Peoples Bank of China, Regulation News, U.S. Federal Reserve
After testing its Digital Renminbi use in some of the small cities, China is now planning a big CBDC giveaway for Beijing residents. The Chinese government has planned a 40 million renminbi ($6.2 million) lottery giveaway in form of digital currency. China has been conducting such programs for a while as it goes on to
The post China Plans A $6.2 Billion Digital Currency Lottery for Beijing Residents appeared first on Coingape.
May 24, 2021 | CBDC, Central Bank Digital Currencies, Crypto News, digital dollar, Fed Reserve Governor, Federal reserve, Federal Reserve Chairman, Jerome Powell, Lael Brainard, News, Regulation News, US Federal Reserve
On Monday, May 24, Federal Reserve Governor Lael Brainard backed the idea of a central bank digital currency (CBDC) and stated that it could bring along a variety of benefits. The Fed Governor also added that having a Digital Dollar will help to reach out to the “underbanked” people in America. Besides, it will improve
The post Fed Governor Lael Brainard Thinks Digital Dollar Can Bring Several Benefits appeared first on Coingape.
Federal Reserve Chair Jerome Powell said the central bank will publish a discussion paper on its potential central bank digital currency (CBDC) in the summer.
The post CBDC Digital Dollar Discussion Paper to be Released by Federal Reserve appeared first on BeInCrypto.
As cryptocurrencies have gained popularity and traction, some fear their decentralized, unregulated nature could have catastrophic consequences for the global financial system. This has led to calls for central banks to issue their own digital currencies (CBDCs).
The post The Rise of CBDC — What These Digital Currencies Could Look Like appeared first on BeInCrypto.
Credit rating agency Fitch Ratings said that central bank digital currencies (CBDC) could disrupt financial systems as a result of disintermediation and cybersecurity threats.
The post Fitch Ratings: CBDCs May Disrupt Financial Systems if Risks Not Managed appeared first on BeInCrypto.
SEC Chairman Gary Gensler said that he would like to work with Congress to prevent fraud and crypto market manipulation.
The post SEC Chairman Working Towards Crypto Investor Protection appeared first on BeInCrypto.
The Digital Dollar Project by Accenture Will Kickstart Pilot Program for U.S. CBDC Design and Use Case
Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this, Accenture has entered a non-profit partnership with the Digital Dollar Foundation. The report comes just at a
The post The Digital Dollar Project by Accenture Will Kickstart Pilot Program for U.S. CBDC Design and Use Case appeared first on Coingape.
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