Tag: digital currency

Emerging Tech & Modernization, Tech

Treasury recommends exploring creation of a digital dollar

September 16, 2022

Via: Washington's Top News

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. The White House said […]

Federal, Policy

Feds’ ‘stablecoin’ letter may boost crypto ambitions of Facebook, Square

September 22, 2020

Via: Fortune

The federal agency that oversees banks issued a letter on Monday that gives financial institutions a green light to hold reserves to support so-called stablecoins—digital currencies similar to Bitcoin that are backed on a one-to-one basis by real world money. […]