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Central bank digital currencies (CBDCs) might pose "significant risks, challenges, and tradeoffs," warned Federal Reserve Governor Michelle Bowman.
The legislation would explicitly exclude a CBDC from the definition of money in Ohio, effectively banning its use as such in the state.
The legislation in both chambers would explicitly exclude a CBDC from the definition of money in Florida, effectively banning its use as such in the state.
The deputy governor of the Bank of England, the United Kingdom's central bank, warned that cash is becoming "less usable" as consumers and retailers alike increasingly reject bank [...]
Lawmakers on Wednesday heard testimony from experts about draft legislation designed to provide a framework for stablecoins, which Congress hopes to more closely regulate.