Tags: Digital Dollar

The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.

Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.

US House Committee Passes Bill to Block Digital Dollar Launch

US House Financial Services Committee Advances Bill to Block Digital Dollar Launch

On Sep. 20 the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.

Republican Lawmakers Reintroduce CBDC Anti-Surveillance State Act to Block Digital Dollar

Following an August recess, members of the House Financial Services Committee will gather for a ‘Digital Dollar Dilemma’ hearing on Sept. 14.

The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100.

The project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost and transparency.

Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the United States if he is elected president.

CBDCs Banned in Florida as Governor Ron DeSantis Signs New Bill

Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one.

(Mackenzie Marco/Unsplash, modified by CoinDesk)

North Carolina House votes to ban state institutions from accepting CBDC payments. (MoMo Productions/Getty)

Speaking at the NFT.NYC 2023, United States congressman Byron Donalds hurled criticism at recent crypto regulatory initiatives.

Tether supply across cryptocurrency exchanges has dropped 28 in 2023, however, hinting at an overall decline in demand for stablecoins.

Political attacks on CBDCs give a pass to existing government and commercial oversight of financial transactions and forfeits opportunity to shape global standards in accord with American values, says Christopher Giancarlo, co-founder of the Digital Dollar Project.

House Majority Whip Emmer is seeking to halt the Federal Reserve’s ability to issue a new digital dollar.

The U.S. government is still weighing whether to start a CBDC, but Treasury Under Secretary Nellie Liang highlights benefits such as reinforcing the dollar’s global role.