2023-10-17 19:02 |
Federal Reserve Governor Michelle Bowman recently expressed skepticism about the unique benefits of a U.S. CBDC over other financial alternatives at a Harvard Law School roundtable discussion.
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Michelle Bowman, a governor of the Federal Reserve System, has raised concerns about the potential risks financial institutions face due to uncertainty surrounding digital assets and the impact of rising interest rates.
2023-6-26 14:32 | |
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Federal Reserve Governor Christopher Waller is optimistic about the potential of tokenization and smart contracts to increase the efficiency of traditional financial transactions. Yet, he also highlighted that these innovative technologies carry risks of their own, particularly in relation to cyber security.
2023-4-21 22:52 | |
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The U.S. Federal Reserve governor Michelle Bowman has expressed her concerns over the possible creation of a U.S. central bank digital currency (CBDC).
2023-4-19 18:00 | |
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Federal Reserve Board governor Michelle Bowman discussed a potential United States central bank digital currency in a speech at Georgetown University.
2023-4-19 23:00 | |
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Governor Ron DeSantis of Florida has proposed legislation that aims to protect residents of the state from the potential risks associated with a central bank digital currency (CBDC) and the increased government surveillance that may come with it.
2023-3-21 03:00 | |
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Federal Reserve Governor Christopher Waller recently advised against investing in cryptocurrencies and compared them to baseball cards. The post Neutrality and the Federal Reserve’s Role in Cryptocurrency appeared first on BeInCrypto.
2023-2-14 06:07 | |
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Parts of the crypto universe should be encouraged to thrive as long as they don’t threaten the U.S. banking system, said Christopher Waller, a Federal Reserve Board governor, who also shared an optimistic note that the young industry will work out its problems.
2023-2-11 22:04 | |
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A Federal Reserve governor has said that new crypto regulations for the industry may not be needed as the FTX collapse didn't affect banks. The post New Crypto Regulations Might Not Be Needed According to Fed Governor appeared first on BeInCrypto.
2022-12-1 06:22 | |
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The U.S. Federal Reserve is considering a payment system that could reduce the need for a central bank digital currency (CDBC). Federal Reserve Touts FedNow Benefits A service called FedNow...
2022-8-18 01:06 | |
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U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.
2022-7-15 23:19 | |
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The calls for crypto regulations have reached a fever pitch. On Friday, Federal Reserve Governor Christopher Waller lent his voice once again to the discussion. Waller Says Proper Regulations Are Meant To Protect The Retail Traders On Friday, Federal Reserve Governor Christopher Waller once again called for clear regulations of the crypto markets. Moreover, Waller […]
2022-6-8 20:00 | |
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Christopher Waller, a Board of Governors member of the Federal Reserve, explained that regulating bitcoin and crypto markets isn’t for experienced investors.
2022-6-4 22:10 | |
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California Governor, Gavin Newsom has signed an executive order for state agencies to facilitate the federal government to create regulations for crypto. Tech investors and businesses have been looking forward to this move by California for almost a decade.
2022-5-6 04:00 | |
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The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021.
2022-4-16 20:06 | |
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Fed governor Randal Quarles resigned his position effective as of the end of December, while Richard Clarida is expected to leave in January 2022, leaving three vacancies in the group of seven serving at the Federal Reserve.
2021-12-2 00:50 | |
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The vast majority of cryptocurrencies are worthless, according to Federal Reserve Governor Christopher Waller
2021-11-20 22:53 | |
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While countries in the rest of the world progress on their central bank digital currency (CBDC) programs, the United States continues to drag its feet. The post Federal Reserve Governor ‘Highly Skeptical’ of Digital Dollar appeared first on BeInCrypto.
2021-8-6 10:47 | |
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The Federal Reserve Governor has urged the United States to be at the forefront of developing CBDC to maintain the U.S. dollar’s role as a global reserve currency.
2021-5-26 09:10 | |
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Lael Brainard has begun to press harder for a digital dollar after chairman Jerome Powell stated the Fed was in no rush to roll out a CBDC. The post Federal Reserve Governor Pushes for Central Bank Digital Currency appeared first on BeInCrypto.
2021-5-24 19:41 | |
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Kevin Warsh, a one-time Bitcoin skeptic, appears to have softened his stance on the asset following the past few weeks of strong performances. Speaking with CNBC's Squawk Box, Warsh, a former Governor of the Federal Reserve, explained that the leading cryptocurrency had benefited largely from the slip in the dollar across last year.
2021-1-7 19:26 | |
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Former Fed governor Kevin Warsh believed that US dollar is losing value and this situation seems to be affecting Bitcoin in a positive way. Kevin Warsh was a governor of the Federal Reserve System durThe post Former Fed guv not surprised by Bitcoin's current market performance appeared first on AMBCrypto.
2021-1-7 01:00 | |
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The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a […] The post US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT appeared first on Bitcoin News.
2020-8-15 06:45 | |
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According to a statement by Federal Reserve Board Governor, Lael Brainard, during the San Francisco's Innovation Office Hours, the Bank is partnering with several institutions to research the possible effects of launching a central bank digital currency (CBDC).
2020-8-15 19:47 | |
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Reports of the US finally joining the CBDC race have been making headlines ever since Governor Lael Brainard said as much yesterday, August 13th. According to Brainard, the US Federal Reserve has already started conducting tests with a hypothetical CBDC, in collaboration with MIT and Boston Fed research teams.
2020-8-16 18:18 | |
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In a speech given on Thursday, Lael Brainard, the Federal Reserve governor canvassed on various financial issues in the United States and the world and the issue of stablecoin like Libra was raised. The Facebook led project that was launched last year with lots of publicity, has been said to fuel the clamor by central […]
2020-8-7 22:58 | |
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At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.
2020-2-9 12:10 | |
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Shifting a stance of mostly ignoring CBDCs, a Federal Reserve governor says the Fed is now actively studying the possibility of a US digital currency.
2020-2-7 23:00 | |
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According to a Bloomberg report published on February 5, 2020, U. S. Federal Reserve Governor, Lael Brainard noted that the country’s central bank is studying the feasibility of a central bank digital currency (CBDC).
2020-2-6 18:00 | |
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On Feb 5th during a sit down with Stanford University dean, Federal Reserve governor, Lael Brainard was optimistic at the possibility of launching their own digital currency. They are in the process of analyzing a wide array of concerns they could potentially face including policy and legal concerns.
2020-2-6 17:48 | |
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United States banking officials appear to be examining the feasibility of a dollar-based Central Bank Digital Currency (CBDC), a talking point that has been working the rumor mill for some time now.
2020-2-6 13:05 | |
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Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts.
2019-12-19 11:20 | |
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The Governor Lael Brainard, of the US Federal Reserve on Wednesday stated Facebook’s digital currency project Libra faces a “core set of legal and regulatory challenges.” Social media giant’s stablecoin that is linked to fiat money and other sound assets to mitigate fluctuations in the price of cryptocurrencies like Bitcoin, remains unproven with a vague […]
2019-12-18 21:12 | |
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The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.
2019-10-17 13:44 | |
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Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.
2019-10-17 11:00 | |
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Ex Federal Reserve senior official, Simon Potter, has rebutted against Mark Carney’s recent suggestion to introduce a digital currency to be used as the global reserve currency for international settlement.
2019-9-26 19:00 | |
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Talk around the regulation of Facebook’s Libra stable coin is intensifies as the potentially mega disruptive digital asset aims to launch in 2020. Earlier in August, the Governor of the Bank of England, Mark Carney, proposed the development of digital currencies as a suitable replacement of the US Dollar. The adoption of digital assets provides […]
2019-9-26 18:36 | |
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Going against the central bank grain Mark Carney has proposed a cryptocurrency akin to Facebook’s Libra crypto as a hedge against US dollar dominance. A former senior Federal Reserve official thinks he is barking up the wrong tree.
2019-9-26 12:00 | |
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Governor of the Bank of England Mark Carney put forward the idea of replacing the U. S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and overall weaker business activity are deteriorating the global economy.
2019-8-25 21:34 | |
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As an Arkansas resident, I was gleeful this morning when I hung up from a spoofed robocall to learn that Governor Asa Hutchinson has signed a bill, with the urging and participation of Attorney General Leslie Rutledge, which makes it a felony to robocall people in Arkansas or to spoof your number to mask your true location.
2019-4-10 20:33 | |
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The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF).
2019-4-2 01:33 | |
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Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.
2019-3-1 20:16 | |
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California’s bullet train project is the latest thorn that’s nagging U. S. President Donald Trump. In a tweet, Trump claimed that California had canceled the bullet train project after wasting ‘billions of dollars’.
2019-2-15 21:01 | |
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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.
2019-1-24 20:28 | |
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The Federal Reserve Board governor is still not fond of the idea of central bank digital currencies, despite the fact that the reserve is equipped to issue one. The Fed Says No to CBDCs It’s been a year since bitcoin’s price exploded and launched cryptocurrencies into the mainstream, which pushed many to believe that the […] The post U.
2018-12-30 14:20 | |
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Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising “illegal financial activity.
2018-12-11 06:50 | |
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Following the 2018 midterm elections, the U. S. will see two new pro-Bitcoin governors sworn into office. Jared Polis (D-CO) and Gavin Newsom (D-CA) both won out against their respective Republican contenders last night, November 6, 2018.
2018-11-7 20:44 | |
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A number of blockchain-focused bills have been making the rounds in California’s State government. Elected officials are working to have them signed by Governor Jerry Brown. News out of California concerning blockchain and cryptocurrency has been intriguing over the last few months, to say the least.
2018-9-2 07:00 | |
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The crypto industry has scored another first, as a junior U. S. Senator from Montana, Steve Daines, has lobbied against the planned closure of a coal-fired power plant in Rosebud County, arguing that its closure could harm the growing cryptocurrency mining industry in the state.
2018-8-28 19:11 | |
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Jerome Powell, chairman of the U. S. Federal Reserve, raised concerns about cryptocurrencies on Wednesday, saying they present serious risks to investors. During his testimony before the House Committee on Financial Services,Powell was asked for his opinion on cryptocurrencies and he had few kind words for the sector.
2018-7-19 15:00 | |
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Paxos is looking to expand its presence in the European Union through a new deal for Finland-licensed e-money platform Membrane Finance. Paxos, which issues stablecoins such as Pax Dollar, PayPal USD (PYUSD), and Pax Gold (PAXG), disclosed the potential deal…
Binance has introduced a new stablecoin, BFUSD, with an annual percentage yield of 19.55%. The stablecoin is designed to appeal to crypto users seeking passive income. The total supply of BFUSD is capped at 20 million tokens, and the stablecoin…
Tether will invest in Quantoz Payments to support the launch of euro and U.S. dollar-pegged stablecoins, EURQ and USDQ. In an announcement on Nov. 18, Tether revealed plans for an upcoming investment in the Netherlands-headquartered payments firm to facilitate the…
Dutch fintech firm Quantoz to roll out MiCAR-compliant stablecoins pegged to the euro and U.S. dollar in a bid to facilitate payments and transfers across markets. Quantoz Payments, a Netherlands-headquartered payment tech firm, plans to debut two MiCAR-compliant stablecoins —…
Crypto could stave off the U.S. debt crisis, according to Former House Speaker Paul Ryan in his recent op-ed published in the Wall Street Journal. Ryan argues that America’s $35.46 trillion and rising debt threatens the U.S. dollar’s status as…
Binance will be the first platform to launch the stablecoin USUAL on Nov. 19. The crypto exchange will provide trading support for USDT and USUAL trading pairs. In a notice published on Nov. 14, Binance announced the 61st project that…
Transfero, a stablecoin issuer focused on Latin American currencies, has tapped Wormhole as its interoperability provider. The Brazil-based fintech company announced the development on Nov. 13, noting that integrating Wormhole (W) will help power its stablecoins amid a multi-chain approach.…