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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:
Given that existing currency is already pretty digital, what would really change if we went to a central bank-issued digital dollar?
Three Republican senators are pushing forward legislation that seeks to ban the U.S. Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals as it could be used as a financial surveillance tool.
President Joe Biden signed an executive order this week that moves the United States closer to a so-called “digital dollar,” and if that plan is throwing up warning signs, a financial analyst says there is a good reason to be concerned about your privacy and about government power.
Digital Yuan is the cryptocurrency equivalent of Yuan and has already been released by the Yuan Pay Group worldwide