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Will a US Central Bank stop a digital currency?

The House Financial Services Committee approved a bill meant to prevent a U.S. central bank digital currency. May 29-31, 2024 - Austin, Texas The biggest and most established global event for everything crypto, blockchain and Web3. Register Now

Could central bank digital currency coexist with stablecoins and commercial bank money?

“In some future circumstances, [Central Bank digital currency] could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” Brainard said before a hearing of the House Finance Committee.

What are the principles of a Fed-issued digital currency?

The principles state that a potential Fed-issued digital currency must maintain the dollar as the world’s reserve currency and the preeminence of the U.S. payment system; not impede ongoing development of stablecoins; promote private sector innovation and foster competition; and address privacy and security protections.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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