Federal Reserve

Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features
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7 December, 2023

Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features

India is eyeing a collaboration with U.S. Federal Reserve and HKMA for cross-border CBDC functionality to enhance international remittances and...
Federal Reserve governor airs doubts over CBDC benefits
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19 October, 2023

Federal Reserve governor airs doubts over CBDC benefits

Federal Reserve Governor Michelle Bowman has doubts about CBDCs, stating that “the potential uses of a U.S. CBDC remain unclear...
Financial Services Committee approves bill prohibiting CBDC in US
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22 September, 2023

Financial Services Committee approves bill prohibiting CBDC in US

The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the...
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...