News with the tag "digital dollar"

With President Donald Trump taking charge, the crypto industry wants him to issue an executive order banning US central bank digital currency (CBDC) aka the Digital Dollar. During his presidential campaign last year in May, Trump made a similar promise to the industry and now is the time to walk the...

President-elect Donald Trump’s nominee for Treasury secretary, Scott Bessent, told the Senate Finance Committee on Thursday that the Treasury should refrain creating a central bank digital currency. “I see no reason for the US to have a central bank digital currency. In my mind, a central bank digit...

The president-elect cannot officially nominate anyone until after he is inaugurated on Jan. 20, but the US Senate has been holding hearings to question his potential picks.

JPMorgan Chase is set to launch instant dollar-euro foreign exchange settlements on its Kinexys blockchain platform, leveraging JPM Coin to enhance transaction speed and efficiency. The post JPMorgan to Launch Faster Dollar-Euro FX Settlement on Blockchain appeared first on Cryptonews .

The Bank of Canada’s research revealed mixed views on the digital Canadian dollar and highlighted Canadians’ enduring trust in cash and card payments.

As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?

The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.

Circle has announced new multiple partnerships with leading regional businesses, including Nubank, to enhance digital dollar access. The partnerships involve leading businesses in Brazil. Circle aims to enhance digital dollar

Yield-bearing stablecoins are far more likely to be classed as security products in many countries and would restrict customer reach, argues the son of Jan van Eck.

The development of a US CBDC has sparked controversy over the years with proponents and critics divided on key concepts. This division has led to the crypto industry flagging the development of a CBDC for stifling digital assets amid privacy concerns. Other days these central bank technology could l...