German Authorities Create Way to Trade Securities on Blockchain While Settling in Euros

This is interesting. German authorities have developed technology allowing investors to trade securities on the blockchain while settling transactions in euros. This creates a hybrid system that allows for efficient trading with an easy-to-access historical record of trades and yet still uses euros instead of cryptocurrency. The Bundesbank, which partnered with Deutsche Börse and the

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Fed Won’t Create Central Bank Digital Coin Without Congressional Approval… Doesn’t That Sort of Defeat the Point?

Hmm…  Several countries are experimenting with central bank digital coins (CBDCs), but in the U.S. the “independent” central bank is waiting for approval from Congress. Doesn’t that miss the point? Fed Chair Powell said the Federal Reserve would not proceed with a central bank digital currency without Congressional approval, and current research on the topic

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