EUR/USD 1.17634
-0.043%
Gold 4794.94
-1.225%
Oil 87.185
5.111%
USD/JPY 158.930
0.236%
GBP/USD 1.35008
-0.132%
GBP/JPY 214.568
0.099%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 20 - According to the Japan Meteorological Agency, a 5.4-magnitude earthquake struck the Sanriku region of Japan at approximately 5:32 p.m. local time on April 20. The maximum intensity of the tremor was 2, and the focal depth was 10 kilometers.On April 20, the Ukrainian Ministry of Defense Intelligence Directorate stated that its special forces attacked two large landing ships and a radar station belonging to the Russian Black Sea Fleet between the evening of April 18 and April 19, targeting high-value targets. The Directorate of Defense stated on social media that the attacks targeted the landing ships "Yamal" and "Nikolai Filchenkov," rendering both ships inoperable. Additionally, the attacks also targeted a radar station in Crimea used for monitoring low-altitude targets.April 20th - According to the Japan Meteorological Agency, a 7.4 magnitude earthquake struck off the coast of northeastern Japan earlier that day, prompting a tsunami warning. The Tohoku Shinkansen bullet train service has been suspended due to the earthquake and other damage.On April 20, Iranian Foreign Ministry spokesman Baghae stated that Pakistan is currently the only formal mediator in the diplomatic process between Iran and the United States. While other countries are also engaging in contact and consultations, the effectiveness of the mediation mechanism depends on the fulfillment of commitments by all parties. Baghae stated that the United States has repeatedly betrayed the diplomatic process over the past year, not only undermining the resolution of the dispute but also undermining the credibility of the mediators, thus casting doubt on recognized principles of international law and global peace mechanisms.South Korean President Lee Jae-myung: We will strengthen cooperation with India in key minerals, nuclear energy, and clean energy.

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

Suggestion