Archive for September 2022
Boston Fed, MIT unveil model for electronic cash as policymakers mull whether to launch it
Some members of the Federal Reserve are continuing to explore the launch of its own digital dollar, as the Federal Reserve Bank of Boston on Thursday unveiled its first attempt at designing an electronic form of cash. The Boston bank’s research, conducted in a collaboration with the Massachusetts Institute of Technology, does not offer a recommendation…
Read MoreDigital Currency is Coming to a Country Near All of Us
A Hitchhiker’s View of the Digital Currency Threat The inevitability of a centralized, digital monetary system was all but made certain when Bitcoin and other cryptocurrencies came into being. What seemed like innovation to rescue us from the poorly managed policies and control mechanisms our current monetary systems/governments are infamous for, has put us all…
Read MoreReserve Bank of India to run digital currency trial
The Reserve Bank of India is looking at running a trial of a central bank digital currency. It is consulting with state-controlled banks and fintechs such as FIS on the project, according to a report by Coin Telegraph. “FIS has had various engagements with the RBI […] and, of course, our connected ecosystem could be extended to…
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