Browsing Tag:currency

feds-lael-brainard-pushes-digital-dollar-as-central-bank-currency-race-heats-up
Federal Reserve Governor Lael Brainard attends a Fed Listening event at the Federal Reserve’s headquarters in Washington, DC on October 4, 2019.Eric Baradat | AFP | Getty ImagesFederal Reserve Governor Lael Brainard pushed for a digital dollar, saying Monday that a central bank-backed cryptocurrency could offer a number of benefits.Providing financial services to nearly one in five...
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alibabas-ant-joins-e-cny-currency-trial
An Ant Group logo is pictured at the company's headquarters, a subsidiary of Alibaba, in Hangzhou, Zhejiang Province, China, on October 29, 2020.Aly Song | ReutersBEIJING - Ant Group, a subsidiary of Alibaba, is one of the first large privately held companies working on China's digital currency trials.MYbank - an online-only bank in which Ant has a 30%...
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facebook-backed-diem-aims-to-launch-digital-currency-pilot-in-2021
Facebook wanted to revolutionize finance with a global digital currency - then regulators came along.The token, first proposed in June 2019 with the name libra, was originally intended to be a universal currency tied to a basket of state currencies such as the US dollar and the euro.After fierce opposition from regulators around the world, the organization overseeing the...
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