Digital Dollar | ForkLog

ForkLog 31 19.09.2024

Tether Responds to Comparisons with FTX and Alameda Research

350 million users engage in transactions with USDT, and its issuer collaborates with 180 institutions across 45 jurisdictions. Such information was presented by Tether Limited. The company described the stablecoin it manages as a “cornerstone in modern financial ecosystems.” According to the issuer, Tether is committed to consumer protection and regulatory compliance. This is reflected […]

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ForkLog 7 23.04.2024

US Presidential Candidate Proposes Moving Federal Budget to Blockchain

US presidential candidate Robert F. Kennedy Jr. has proposed transferring the federal budget to blockchain to enhance transparency. NEW: RFK Jr. says “I’m gonna put the entire US budget on blockchain” “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” “We’re gonna have 300 million […]

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ForkLog 5 29.01.2024

Experts Warn of Risks to the US from Delayed CBDC Development

The slow progress of the United States in the realm of central bank digital currencies (CBDCs) has allowed China, India, and the European Union to take the lead. This conclusion was drawn by analysts at the Atlantic Council. Over the past year, China has intensified its efforts with digital yuan, the ECB has moved to […]

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ForkLog 4 18.10.2023

Fed doubts the case for launching a digital dollar

There are currently no compelling arguments in favour of a digital dollar, and alternatives may address financial problems, said Michelle Bowman, a member of the Federal Reserve Board. She noted that expanding access to financial services and reducing frictions within the payments system may apply not only to CBDC. "Alternative options may perform these tasks more efficiently or with fewer risks …"

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ForkLog 4 21.09.2023

Republicans’ anti-CBDC bill labelled ‘absurd stupidity’ by Democrats

The Republican bill to ban the Fed from distributing CBDCs to individuals drew sharp criticism from Democrats.

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ForkLog 7 09.08.2023

Presidential candidate calls CBDC a ‘serious threat to freedom’

Vivek Ramaswami, a candidate in the current US presidential race, criticized the digital dollar and Treasury Secretary Janet Yellen for promoting CBDC.

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ForkLog 7 24.07.2023

Congress proposes criminal liability for issuing CBDC

Republican from Ohio Warren Davidson in the U.S. House of Representatives urged Congress to ban and then criminalize the launch of CBDC.

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ForkLog 16 11.04.2023

John F. Kennedy’s nephew criticises CBDC and speaks in defence of Bitcoin

Robert F. Kennedy Jr., nephew of the 35th US president John F. Kennedy, believes that Bitcoin and other cryptocurrencies offer an alternative to the traditional financial system.

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ForkLog 6 07.04.2023

Robert F. Kennedy Jr., nephew of John F. Kennedy, criticises the idea of launching a digital dollar

Robert F. Kennedy Jr., nephew of the 35th President of the United States John F. Kennedy, said that the digital dollar 'smears the slippery slope to financial slavery and political tyranny'.

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ForkLog 6 16.10.2022

Fed governor criticises idea of launching a digital dollar

Launch of a central bank digital currency (CBDC) will not bolster the US dollar's position on the international stage, according to Federal Reserve Board member Christopher Waller during a speech at Harvard University.

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ForkLog 6 28.09.2022

Fed chair signals no decision yet on digital dollar launch

The Fed has not yet decided on advancing CBDC in the United States. Powell said this at a conference on the role of central banks in digital asset markets.

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ForkLog 7 16.09.2022

Biden administration steps up work on the digital dollar

The Biden administration's interagency group will begin regular meetings to study the launch of CBDC.

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