Fed Chairman Powell: We Will Engage the Public on the Digital Dollar This Year
“This is going to be an important year,” Powell said of the digital dollar project.
Digital Dollar
The Fed chairman spoke at a virtual payments conference hosted by the Basel Committee on Banking Supervision.
NFTs are all the rage right now, but buyers and sellers should be aware of the different regulatory frameworks that might govern these assets.
“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.
“We cannot be left behind,” Brown wrote about other nations’ central bank digital currency efforts.
The U.S. central bank is grappling with how to proceed on a potential "digital dollar" project.
Digital Dollar
Bermuda to Pilot Digital Dollar for Rum Sales
In Bermuda, you may soon be able to use digital dollars to buy rum. Canadian fintech firm Bidali announced Thursday that, with the support of the Bermuda government, it has launched a pilot to test a digital Bermuda dollar. Under the pilot program, popular local rum company Gosling’s Limited will be accepting digital Bermuda dollars […]
