# US Fed: CBDC a ‘very high priority’ to combat bad private sector money

# US Fed: CBDC a ‘very high priority’ to combat bad private sector money

“# US Fed: CBDC a ‘very high priority’ to combat bad private sector money ” Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get its own central bank digital currency right. CBDCs are the banking industry’s answer to cryptocurrency stablecoins….

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#Federal Reserve emergency-lending program deserved to die

#Federal Reserve emergency-lending program deserved to die

“#Federal Reserve emergency-lending program deserved to die” More from: Last week, Democrats accused Team Trump of acting like sore losers in ending a $500 billion emergency-lending program for states and cities before Joe Biden takes office. Whatever the White House’s motives, it’s time to shut down this program. More borrowing can’t fix its broke beneficiaries,…

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#Europe approves stimulus in response to lockdowns hurting businesses

#Europe approves stimulus in response to lockdowns hurting businesses

“#Europe approves stimulus in response to lockdowns hurting businesses” FRANKFURT, Germany — The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and wipes out pre-Christmas sales revenue ahead of the region’s most important holiday. The 25-member governing…

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# Goldman Sachs to utilize JPM Coin for repo trades

# Goldman Sachs to utilize JPM Coin for repo trades

“# Goldman Sachs to utilize JPM Coin for repo trades ” Goldman Sachs is reportedly one of several financial institutions to sign on to JPMorgan’s custom blockchain service — a sign that more broker-dealers were looking to take advantage of digital currencies for their repo operations. In an interview with Bloomberg, Scott Lucas, head of…

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# Bitcoin will gain from distrust in traditional finance, says bank strategist

# Bitcoin will gain from distrust in traditional finance, says bank strategist

“# Bitcoin will gain from distrust in traditional finance, says bank strategist ” Bitcoin (BTC) poses a significant threat to the world’s reserve currency, the United States dollar, according to a strategist at major American investment bank Morgan Stanley. Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, believes that the dollar’s reign is…

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