Project Cedar: Inside the Plot to Destroy the U.S. Dollar
“Project Cedar” could have massive implications for all American citizens.
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“Project Cedar” could have massive implications for all American citizens.
Federal Reserve Bank of New York, Monetary Authority of Singapore Test wCBDC for Cross Border Payments Federal Reserve Bank of New York, Monetary Authority of Singapore Test wCBDC for Cross Border Payments Tekedia -
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept.
The New York Fed plans to issue tokens and carry out transactions through simulated central bank reserve during the CBDC pilot program.
This week the New York branch of the U.S. central bank published a report on the Phase I results of Project Cedar, "a multiphase research effort to develop a technical framework...