Yesterday, the Digital Dollar Foundation announced a 22 member advisory group that will help set up the framework for establishing a U.S. Central Bank Digital Currency (CBDC). The Foundation aims to study the potential applications of a digital dollar.
Earlier this week, the Democrats in both the U.S. Congress and Senate published draft bills for Covid-19 stimulus, which advocated the use of a digital dollar or CBDC.
The Digital Dollar Foundation is a non-profit launched earlier this year by the former Chair of the Commodity Futures Trading Commission (CFTC) J. Christopher Giancarlo and Accenture. The consultancy has previous experience of CBDC through work with the Bank of Canada, Monetary Authority of Singapore, European Central Bank and Riksbank.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
