Federal Reserve

Digital Dollar Project explores CBDC impact on remittances with Western Union
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13 August, 2023

Digital Dollar Project explores CBDC impact on remittances with Western Union

The Digital Dollar Project announced in a press release that it had completed a pilot study focusing on retail CBDCs,...
Federal Reserve to oversee digital asset activities for US banks
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11 August, 2023

Federal Reserve to oversee digital asset activities for US banks

Under a new program, the Federal Reserve will expand its oversight on novel banking activities like digital assets and other...
US Federal Reserve issues stablecoin warning to banks
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11 August, 2023

US Federal Reserve issues stablecoin warning to banks

The U.S. Fed warned any state banks dealing with digital asset “Dollar Tokens,” or stablecoins, to obtain a written “supervisory...
PayPal, Paxos launch new stablecoin just as Fed Reserve tightens oversight
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10 August, 2023

PayPal, Paxos launch new stablecoin just as Fed Reserve tightens oversight

PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can...
Federal Reserve of San Francisco seeks senior digital currency architect for CBDC project
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27 July, 2023

Federal Reserve of San Francisco seeks senior digital currency architect for CBDC project

The successful applicant will be in charge of creating "novel systems" around CBDCs, launching working prototypes of the system, and...
US Rep. Warren Davidson hits out at digital dollar—Bitcoin is the solution to CBDC fears
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26 July, 2023

US Rep. Warren Davidson hits out at digital dollar—Bitcoin is the solution to CBDC fears

U.S. Representative Warren Davidson claims CBDCs "corrupt money into a tool for coercion and control," he also called them the...
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