Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions
Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.
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Nov 15, 2022 at 4:09 p.m. UTC
Nov 15, 2022
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CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says
The New York Fed simulated foreign exchange transactions using a distributed ledger to test for improvements over the current system.
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Nov 4, 2022 at 2:00 p.m. UTC
Nov 4, 2022
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Where the NY Fed 'Bitcoin Is Not New' Blog Goes Wrong
A recent post categorizing Bitcoin as just another fiat currency uses some strange definitions of money, our columnist writes.
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Jun 24, 2020 at 1:01 p.m. UTC
Jun 24, 2020
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New York Fed's 'Bitcoin Is Just Another Fiat' Claim Sparks Controversy
Economists at the New York Federal Reserve think bitcoin is a fiat currency. Nic Carter thinks the New York Fed is "insane."
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Jun 19, 2020 at 7:55 p.m. UTC
Jun 19, 2020