Tag: federal reserve chairman

Jul 15 2021

Fed Chairman: The World Won’t Need Digital Currencies Once We Have the Digital Dollar

On Wednesday, July 14, Federal Reserve Chairman Jerome Powell spoke on the topic of having a Digital Dollar during the hearing before the U.S. House of Representatives Financial Services Committee. The Fed Chairman said that one of the major reasons for the U.S. Central Bank to have digital currency in place is that it will The post Fed Chairman: The World Won't Need...

Jul 03 2021

Powell Diary: Fed Chairman Meets Coinbase CEO, What to Expect Ahead?

The U.S. crypto landscape is set to see a major development, and possibly for the good. As per the recently released central bank records, Fed Chairman Jerome Powell met Coinbase CEO, Brian Armstrong, on May 11, 2021. Powell's meeting comes in wake of a high surge in crypto trading activities this year. With digital currencies The post Powell Diary: Fed Chairman Meets Coinbase...

May 24 2021

Fed Governor Lael Brainard Thinks Digital Dollar Can Bring Several Benefits

On Monday, May 24, Federal Reserve Governor Lael Brainard backed the idea of a central bank digital currency (CBDC) and stated that it could bring along a variety of benefits. The Fed Governor also added that having a Digital Dollar will...

Apr 29 2021

Fed Chairman Says The U.S. Is Not Competing With China on Central Bank Digital Currency (CBDC)

The Chinese central bank - People's Bank of China (PBoC) - has expedited its efforts on launching its central bank digital currency (CBDC) Digital Yuan. However, the U.S. isn't quite...

Mar 26 2021

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Mar 26 2021 Published at Coingape under tags  alipay ant group bank of china cbdc chinese cbdc

Alipay and WeChat Pay the two dominant players in China's online payments marketplace are all set to see tough competition from the country's very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the The post China's CBDC All Set To Eat...

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