Page 37 - Cbdc News Today

Central banks are rushing out privacy-infringing CBDCs to try to compete with crypto, which is outside their control. But while proponents cite numerous advantages, anything a digital dollar can do, crypto can do better.

Back in January, the U.S. Board of Governors of the Federal Reserve (the "Federal Reserve") released its long-awaited discussion paper, "Money and Payments:

Sen. Elizabeth Warren (D-MA) called for the United States government to create a Central Bank Digital Currency (CBDC). | Tech

On March 9, United States President Joe Biden issued a quite comprehensive executive order that directs no less than two dozen cabinet members, departments and agencies in the government to study the benefits and detriments of blockchain technology for various aspects of the American economy.

Could make cross-border payments cheaper, faster and safer.

As the bank deepens its crypto studies.

While the executive order didn’t directly challenge Bitcoin, the language of the order hints at future threats that may come.

Central Bank Digital Currency (CBDC) is basically the digital form of a country’s fiat currency

Official digital currencies could soon be part of financial geopolitics and India must get its act together

Now that the guideposts have been drawn, how officials in Washington are thinking, and how that translates into crypto policy, is very much an open question.