The Senate Committee on Finance backed Yellen’s nomination in a show of bipartisan support.
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.
A side effect of the Fed’s medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies.
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.
As some start to wonder about a post-Bretton Woods economic system, macro analyst Luke Gromen explains how that post-World War II system came to be.
The Biden team looks to Janet Yellen to lead the next administration’s economic policy, which will have to navigate the wreckage left in the wake of the coronavirus.
“This proposal, if adopted, would prove to be an invasion of privacy.”
Privacy should be a key talking point from the beginning of CBDC development.
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.
FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar.