Fed's Lael Brainard pushes digital dollar as central bank currency race heats up
Federal Reserve Governor Lael Brainard attends a Fed Listening event at the Federal Reserve's headquarters in Washington, DC on October 4, 2019.Eric Baradat | AFP | Getty ImagesFederal Reserve Governor Lael Brainard pushed for a digital…
The Fed this summer to move toward developing a digital currency
The Federal Reserve is pushing ahead with its efforts to develop its own digital currency, and announced Thursday that it will publish a research paper this summer exploring the move further.Although the central bank has not made specific…
Alibaba's Ant joins e-CNY currency trial
An Ant Group logo is pictured at the company's headquarters, a subsidiary of Alibaba, in Hangzhou, Zhejiang Province, China, on October 29, 2020.Aly Song | ReutersBEIJING - Ant Group, a subsidiary of Alibaba, is one of the first large…
Facebook-backed Diem aims to launch digital currency pilot in 2021
Facebook wanted to revolutionize finance with a global digital currency - then regulators came along.The token, first proposed in June 2019 with the name libra, was originally intended to be a universal currency tied to a basket of state…
UK to explore issuing its own digital currency amid bitcoin boom
Fifty and twenty pound banknotes and a Bitcoin logo can be seen in this photo illustration.Omar Marques | SOPA Pictures | LightRocket via Getty ImagesLONDON - The UK is the youngest country to join a global race for central bank digital…
Treasury Puts Taiwan on Notice for Currency Practices
The Treasury Department said Friday that it is informing Taiwan, Vietnam and Switzerland of their currency practices, but it reconciled a more conciliatory tone than the Trump administration by ceasing to call one of them a currency…
China Costs Forward With a Nationwide Digital Foreign money
But no major power is as far as China. His early steps could signal where the rest of the world is going with digital currencies."This is more than just money," said Yaya Fanusie, a staff member at the Center for Economic and Financial…
Bitcoin no menace to greenback as world's reserve forex: Fed's James Bullard
James Bullard, president of the St. Louis Federal Reserve, told CNBC on Tuesday that he believes the increasing interest in Bitcoin does not pose a serious threat to the US dollar as the world's reserve currency."I just think that for Fed…
China handy out $1.5 million in Lunar New 12 months digital foreign money take a look at
Men in face masks walk past a gap store in a shopping district as the country is struck by a new coronavirus outbreak on Feb.7, 2020 in Beijing, China.Jason Lee | ReutersBEIJING - China's capital will spend around $ 1.5 million in a…