“I actually do think this is one of those issues where it's more important for the United States to get it right than it is to be first, given the dollar's important role globally,” Powell said during an International Monetary Fund (IMF) panel on Oct. 19. “Getting it right means that we not only look at the potential benefits of a CBDC, but also the potential risks and also recognize the important trade-offs.”
Blockchain bill passes the House for the first time
Rep. Darren Soto, who authored the Blockchain Innovation Act, says the technology ‘has an incredible amount of potential for innovation and economic growth’
Soto said the cross-departmental study into blockchain would serve as an “educational function” for members of Congress, and ultimately pave the way for “more actionable, blockchain-focused legislation.” He added:
Bitcoin Pizza Day: 10 years on, $91M pies
A booming bitcoin and the adoption of blockchain technology by multinational corporations, leading financial institutions, and even governments shows how far Satoshi Nakamoto’s dream has come
It’s Friday, May 22, 2020, and two pizza pies cost $45.90 at Stromboli's, across from my apartment in New York City. But 10 years ago, in Florida, two pies from Papa John’s cost Laszlo Hanyecz about $41—or 10,000 bitcoins, which is how he paid. And how Bitcoin Pizza Day was born.
In Japan, a digital yen may be on the horizon
Lawmakers for the country’s ruling party say they are working on a proposal for a state-backed digital currency
Japanese lawmakers are working on a proposal for the country to issue its own digital currency, according to a report in Reuters Friday. A digital yen could be a collaboration between the government and private companies, a key lawmaker in the country told Reuters Thursday.