Federal Reserve Faces Criticism for Potential Disruption of Stablecoin Regulations
A recent supervisory communication from the Federal Reserve concerning the utilisation of dollar tokens, like stablecoins, for facilitating payments by state member banks, has ignited controversy among members of Congress on Monday, August 28th. The Federal Reserve recently issued a set of guidelines for state member banks, stipulating the necessity of obtaining written supervisory nonobjection […]
PayPal Launches U.S. Dollar Stablecoin
PayPal, a prominent player in the payments industry, has unveiled its new U.S. dollar stablecoin, signaling its entry into the realm of digital currencies for payments and transfers. This move has been met with cautious optimism and has given a modest 2.66% boost to PayPal’s shares. Unlike the volatility witnessed in cryptocurrencies, stablecoins are designed […]
CBDCs & Privacy: Considerations for an International Landscape
Privacy, being a fundamental human right, holds significant importance in the investigation and development of Central Bank Digital Currencies (CBDCs). Preliminary evidence suggests that the level of privacy associated with CBDC use will greatly influence the adoption and usage of CBDCs. Currently, there is a perceived tradeoff between safeguarding users’ privacy and ensuring compliance with […]
An Interview with Susan Friedman, Head of Policy at Ripple, about the digital Pound
In the third of our member video series, we talk with Susan Friedman of Ripple about the potential benefits of a digital Pound, what frameworks might need to be put into place for CBDCs not only in the UK but globally, and why Ripple chose to become a member of the Digital Pound Foundation. Are […]
JPMorgan bank deploys JPM Coin for euro-denominated payments
Source: Cointelegraph The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects into traditional banking. JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23. A spokesperson for JPMorgan confirmed to Cointelegraph that the bank had expanded the JPM […]
Fostering Responsible Growth Of Blockchain Technology
Testimony of Dr. Emin Gün Sirer, Founder & CEO, AvaLabs, Inc. before the United States House of Representatives, House Financial Services Committee. Chairman McHenry, Ranking Member Waters, and Members of the Committee, It is an honor to be here with you today. I thank you for the opportunity to appear before you as a computer […]
Most Americans still skeptical about CBDC, says Cato/YouGov survey
Source: Ledger Insights A recent poll by YouGov and the Cato Institute found that 34% of Americans oppose the issuance of a central bank digital currency (CBDC), compared to 16% who favor it. Fears of government control, elimination of cash, and cyberattacks continue to weigh on people’s views of a digital dollar, especially among U.S. Republicans. Trust in the […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
Digital Pound Foundation joins the Hyperledger Foundation as an Associate Member
We are pleased to announce that the Digital Pound Foundation (DPF) has joined the Hyperledger Foundation as part of a group of 3 new Associate Members which includes the European Blockchain Association (EBA) along with DPF’s existing partners at the Digital Euro Association (DEA). To kick off their affiliation, the 3 new associate members, including […]
Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’
Source: Coindesk A U.S. central bank digital currency (CBDC) that protects privacy and is free of surveillance tools could set a global standard and reach mass adoption, said former Commodity Futures Trading Commission (CFTC) Chairman Christopher J. Giancarlo. “That [U.S.] digital dollar would take over the world,” Giancarlo, co-founder of the Digital Dollar Project and […]
