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Systems

Lawmakers Split on Merits of U.S. Central Bank Digital Currency

“The Federal Reserve establishing a “digital dollar” could transform the nation’s payment systems, though much work is needed before it’s achievable, according to experts, but Republicans and Democrats are divided as to whether it’s good idea at all. Lawmakers on the Senate Banking Committee’s economic policy subcommittee and a panel of experts discussed the potential […]
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Systems

Cross-border Interoperability Will Be a Key Test for CBDCs, BIS and BoE Specialists Warn

“As the UK joins the list of global players considering issuing central bank digital currencies (CBDC), with the Bank of England taking practical steps to explore possible costs and benefits earlier this week, one crucial hurdle lies in the level of transnational utilisation they’d be able to guarantee, a Bank for International Settlements (BIS) advisor […]
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Deals

Tech Group Ledger Completes New Fundraising, Valuing It at Over $1.5 Billion

“French technology and digital company Ledger said on Thursday it completed a new $380 million fundraising round that gave it a valuation of more than $1.5 billion. Ledger, headquartered in Paris, runs a platform called Ledger-Live which deals with cryptocurrencies. Its latest Series C fundraising round was led by 10T Holdings, while other investors involved […]
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Systems

U.S. Senate Hearing to Consider Opportunities of a ‘Digital Dollar’

“The U.S. Senate Banking Subcommittee on Economic Policy will be holding a hearing titled, “Building A Stronger Financial System: Opportunities of a Central Bank Digital Currency”. On October 4, 2019, Congressman French Hill (R-AR) and Congressman Bill Foster (D-IL) wrote a bi-partisan letter displaying interest in Congress that the Federal Reserve seriously consider a central […]