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Digital Dollar

(Shutterstock, modified using Photomosh)
Policy
Hearings
Digital Dollar? Get Real, Financial Inclusion Advocates Tell Congress
Currently just a flashy idea, the digital dollar is competing with duller but proven methods for the job of getting stimulus funds to every U.S. resident.
(Shutterstock, modified using Photomosh)
By Nikhilesh DeSandali Handagama
Jun 12, 2020 at 7:25 p.m. UTC
Jun 12, 2020
HearingsHouse Financial Services CommitteeDigital DollarFedAccounts
Credit: Wikimedia Commons (modified using PhotoMosh)
Tech
Payments
National Science Foundation Funds Research Into Crypto Dollars
The National Science Foundation has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar.
Credit: Wikimedia Commons (modified using PhotoMosh)
By Sandali Handagama
Jun 12, 2020 at 9:00 a.m. UTC
Jun 12, 2020
paymentsDigital DollarNational Science FoundationKRNC
Credit: Shutterstock (modified using PhotoMosh)
Policy
Congress
WATCH: US Lawmakers Talk Digital Dollar, FedAccounts in Thursday Hearing
The “digital dollar” concept takes the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.
Credit: Shutterstock (modified using PhotoMosh)
By Nikhilesh De
Jun 10, 2020 at 11:20 p.m. UTC
Jun 10, 2020
CongressHearingsHouse Financial Services CommitteeDigital DollarFedAccountsJ. Christopher GiancarloMehrsa BaradaranMorgan RicksJodie Kelley
DIGITAL DOLLARS: Former CFTC Chairman Christopher Giancarlo said building a digital dollar could take years, but work needs to start now to achieve this. (Credit: CoinDesk archives)
Markets
Accenture
Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC
The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.
DIGITAL DOLLARS: Former CFTC Chairman Christopher Giancarlo said building a digital dollar could take years, but work needs to start now to achieve this. (Credit: CoinDesk archives)
By Nikhilesh De
May 29, 2020 at 1:00 p.m. UTC
May 29, 2020
AccentureJ. Christopher GiancarloDavid TreatCBDCsDigital DollarDigital Dollar Foundation
Under one proposal, U.S. citizens would be gifted a digital wallet, called a FedAccount, maintained by the Federal Reserve. (Credit: Houston Federal Reserve by Random Sky on Unsplash)
Policy
Federal reserve
How the COVID-19 Crisis Revived the Digital Dollar Debate
Some Americans are still waiting for stimulus support. Would a digital dollar have helped disburse funds? Here's a breakdown of the debate.
Under one proposal, U.S. citizens would be gifted a digital wallet, called a FedAccount, maintained by the Federal Reserve. (Credit: Houston Federal Reserve by Random Sky on Unsplash)
By Meena Thiruvengadam
May 8, 2020 at 2:00 p.m. UTC
May 8, 2020
Federal ReserveCBDCcentral bank digital currencyDigital DollarUS Digital DollarCoronavirus
Federal Reserve Chair Jerome Powell
Policy
Federal reserve
Digital Dollars Give the State Too Much Control Over Money
Arming the Federal Reserve with a digital dollar would harm the free market, says Max Raskin, an NYU adjunct professor of law.
Federal Reserve Chair Jerome Powell
By Max Raskin
May 2, 2020 at 10:00 a.m. UTC
May 2, 2020
Federal ReserveOpinioncentral bank digital currencyDigital Dollar
Credit: National Archives and Records Administration/Wikimedia Commons
Policy
Opinion
Digital Dollars Can Reduce Unemployment, Here's How
A blueprint for a central bank digital currency designed with a specific purpose: stopping layoffs.
Credit: National Archives and Records Administration/Wikimedia Commons
By Marcelo M. Prates
Apr 23, 2020 at 11:30 a.m. UTC
Apr 23, 2020
OpinionCBDCDigital Dollar
Christopher Giancarlo
Policy
Opinion
Digital Dollar Project: Don't Rush Digital Dollar During COVID-19 Crisis
The ex-chairman of the CFTC says a digital dollar should be a priority for the U.S. But he cautions against expediting the initiative during the pandemic.
Christopher Giancarlo
By J Christopher Giancarlo
Apr 16, 2020 at 7:45 p.m. UTC
Apr 16, 2020
OpinionDigital DollarDigital Dollar Foundation
BACK AGAIN: The idea of a digital dollar was in several bills introduced to both the U.S. House and the Senate, but did not appear to make much progress before the two bodies adjourned. (Rashida Tlaib image credit: Phil Pasquini / Shutterstock)
Markets
House of representatives
'Digital Dollar' Reintroduced by US Lawmakers in Latest Stimulus Bill
The idea of a digital dollar was again floated by U.S. lawmakers as a means of issuing stimulus payments to residents.
BACK AGAIN: The idea of a digital dollar was in several bills introduced to both the U.S. House and the Senate, but did not appear to make much progress before the two bodies adjourned. (Rashida Tlaib image credit: Phil Pasquini / Shutterstock)
By Nikhilesh De
Apr 16, 2020 at 4:50 p.m. UTC
Apr 16, 2020
House of RepresentativesDigital DollarRashida TlaibPramila Jayapal
"Perceptions that cash could spread pathogens may change payment behaviour by users and firms,” the researchers said. (Credit: Myra Thompson / Shutterstock)
Markets
Central banks
BIS Researchers Say Coronavirus Could Spur Central Banks to Adopt Digital Payments
BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies.
"Perceptions that cash could spread pathogens may change payment behaviour by users and firms,” the researchers said. (Credit: Myra Thompson / Shutterstock)
By Danny Nelson
Apr 3, 2020 at 9:17 p.m. UTC
Apr 3, 2020
central banksBISCBDCsDigital Dollar