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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Fed, Central Banks Frame Criteria For Digital Currency

PYMNTS

The central banks working with the BIS include the European Central Bank, the Swiss National Bank and Bank of Japan. Fed Governor Lael Brainard said in August that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

The legislation would also cover stablecoins that are “denominated in United States dollars or pegged to the United States dollar, or denominated in or pegged to another national or state currency.”. Casting a Wide Net . That’s a pretty wide net, as it would cover any number of stablecoins pegged to single currencies or baskets of currencies.

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The Mother List of All Banking Books

Jeff For Banks

A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. Cleveland Cleveland, Harold van B. The Courage to Act: A Memoir of a Crisis and Its Aftermath 2015 Peter L. Bernstein Bernstein, Peter L. Blinder Blinder, Alan S.

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