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Conservative U.S. Think Tank Denies Need for Federal Digital Currency

News Conservative United States think tank the Heritage Foundation argues that instead of launching a central bank digital currency (CBDC), the government should ensure that the public can use the currencies they prefer, including private ones. In a commentary piece published on Feb. 12, the Herit..

Federal Reserve Chairman: U.S. is “Working Hard” on Digital Currency

A few years ago, a government or central bank launching its own digital currency was a foreign concept. But since Facebook and a swath of partners unveiled the Libra cryptocurrency project in June 2019, those in power have sprung into action, looking into ways it could combat the rise of corporate c..

The Fed is Mulling US Digital Currency Plans as CBDC Fever Spreads

Lael Brainard, governor of the U.S. Federal Reserve says the Fed is considering the possibility of creating a sovereign digital currency for the country. Brainard’s statement comes as several nations are reportedly moving forward with plans to launch their own central bank digital currency (CBDC). ..

US Fed Is Exploring Potential for Digital Currency, Says Board Member

News A member of the United States Federal Reserve’s board of governors has signalled that the institution is more open to the idea of central bank digital currency than previously. Lael Brainard — who chairs several Fed committees — made her remarks during a speech at a symposium on the future of..

Bitcoin Fixes This: Hong Kong Authorities Seize Millions & Federal Reserve Sees Outage

Since Bitcoin was launched in early 2009, it has been the subject of backlash from many critics. Common criticism includes the age-old argument that “Bitcoin is backed by nothing,” the assertion that the cryptocurrency is “only used by criminals, gamblers, and adult entertainment addicts,” and the b..

Fed Governor: Global Stablecoins Like Facebook Libra May Endanger Consumers

One of America’s top central bankers has joined a growing regulatory chorus of concerns over the prospects of large stablecoin projects like the Facebook Libra running roughshod throughout the world without adequate accountability. That banker is Lael Brainard, a member of the Board of Governors of..

US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity

News A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring Benoît Coeuré, a member of the executive board of the European Central Bank (ECB), Lael Brainard highlighted the perce..

US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap

News The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month. In a statement released Dec. 11, the Federal Reserve confirmed it would ramp up so-called repurchase, or “repo,” operations on key dates over the new year period..

U.S. Dollar Czar: “No Need” for Fed Issuing Digital Dollar in Next 5 Years

In recent weeks, there has been growing talk among influential U.S. figures concerning the prospects of “digitizing” the dollar via blockchain technology. Yet there are two major American officials who have once again said they are decidedly skeptical of a digital dollar any time soon: Secretary of..

Federal Reserve President Thinks Debt Could Hamper Economy: Bitcoin as a Hedge

The Great Recession of 2008 hit hard. The stock market plunged by dozens of percent in months — wiping out trillions of dollars worth of wealth across the world — and people lost their homes and livelihoods. Though, in a dramatic fashion, the central banks of the world, namely the Federal Reserve, ..

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