The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
From a technical standpoint, the Federal Reserve's<\/a> balance sheet management serves as a critical tool in its monetary policy arsenal. The evolving predictions by Wall Street's primary dealers underscore the complexities involved in forecasting economic variables, such as inflation and interest rates.<\/p>\n\n\n\n As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
From a technical standpoint, the Federal Reserve's<\/a> balance sheet management serves as a critical tool in its monetary policy arsenal. The evolving predictions by Wall Street's primary dealers underscore the complexities involved in forecasting economic variables, such as inflation and interest rates.<\/p>\n\n\n\n As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The recalibrated timeline for QT indicates a more prolonged period of balance sheet reduction. As the Federal Reserve continues to navigate its policy decisions, market participants, businesses, and consumers should monitor these developments closely. Changes in the balance sheet size can influence interest rates, liquidity conditions, and overall financial market dynamics.<\/p>\n\n\n\n From a technical standpoint, the Federal Reserve's<\/a> balance sheet management serves as a critical tool in its monetary policy arsenal. The evolving predictions by Wall Street's primary dealers underscore the complexities involved in forecasting economic variables, such as inflation and interest rates.<\/p>\n\n\n\n As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The recalibrated timeline for QT indicates a more prolonged period of balance sheet reduction. As the Federal Reserve continues to navigate its policy decisions, market participants, businesses, and consumers should monitor these developments closely. Changes in the balance sheet size can influence interest rates, liquidity conditions, and overall financial market dynamics.<\/p>\n\n\n\n From a technical standpoint, the Federal Reserve's<\/a> balance sheet management serves as a critical tool in its monetary policy arsenal. The evolving predictions by Wall Street's primary dealers underscore the complexities involved in forecasting economic variables, such as inflation and interest rates.<\/p>\n\n\n\n As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: Wall Street's Main Indexes Fell At The Beginning Of 2024 year<\/a><\/p>\n\n\n\n The recalibrated timeline for QT indicates a more prolonged period of balance sheet reduction. As the Federal Reserve continues to navigate its policy decisions, market participants, businesses, and consumers should monitor these developments closely. Changes in the balance sheet size can influence interest rates, liquidity conditions, and overall financial market dynamics.<\/p>\n\n\n\n From a technical standpoint, the Federal Reserve's<\/a> balance sheet management serves as a critical tool in its monetary policy arsenal. The evolving predictions by Wall Street's primary dealers underscore the complexities involved in forecasting economic variables, such as inflation and interest rates.<\/p>\n\n\n\n As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The quantitative tightening process has been an integral part of the Federal Reserve's strategy to combat inflation. Alongside rate hikes, the central bank initiated large-scale purchases of Treasury bonds and mortgage-backed securities during the COVID-19 pandemic's onset in 2020. This move led to an expansion of its holdings to approximately $9 trillion by mid-2022. However, since last year, the Fed has been gradually reducing its balance sheet size, although specific guidance on the timeline remains somewhat ambiguous.<\/p>\n\n\n\n See Related: Wall Street's Main Indexes Fell At The Beginning Of 2024 year<\/a><\/p>\n\n\n\n The recalibrated timeline for QT indicates a more prolonged period of balance sheet reduction. As the Federal Reserve continues to navigate its policy decisions, market participants, businesses, and consumers should monitor these developments closely. Changes in the balance sheet size can influence interest rates, liquidity conditions, and overall financial market dynamics.<\/p>\n\n\n\n From a technical standpoint, the Federal Reserve's<\/a> balance sheet management serves as a critical tool in its monetary policy arsenal. The evolving predictions by Wall Street's primary dealers underscore the complexities involved in forecasting economic variables, such as inflation and interest rates.<\/p>\n\n\n\n As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n In light of an executive order<\/a> signed by President Biden in September - ensuring responsible development of digital assets \u2013 the U.S. Congress is treading cautiously on the matter. The Members of the House Committee on Financial Services have asked the Fed to clarify their role in CBDC and the impact on the private sector.<\/p>\n\n\n\n See Related:<\/em><\/strong> Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"US Banks Partner With NY Fed For CBDC Blockchain Pilot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-banks-partner-with-ny-fed-for-cbdc-blockchain-pilot","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:38:51","post_modified_gmt":"2023-04-10 08:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The quantitative tightening process has been an integral part of the Federal Reserve's strategy to combat inflation. Alongside rate hikes, the central bank initiated large-scale purchases of Treasury bonds and mortgage-backed securities during the COVID-19 pandemic's onset in 2020. This move led to an expansion of its holdings to approximately $9 trillion by mid-2022. However, since last year, the Fed has been gradually reducing its balance sheet size, although specific guidance on the timeline remains somewhat ambiguous.<\/p>\n\n\n\n See Related: Wall Street's Main Indexes Fell At The Beginning Of 2024 year<\/a><\/p>\n\n\n\n The recalibrated timeline for QT indicates a more prolonged period of balance sheet reduction. As the Federal Reserve continues to navigate its policy decisions, market participants, businesses, and consumers should monitor these developments closely. Changes in the balance sheet size can influence interest rates, liquidity conditions, and overall financial market dynamics.<\/p>\n\n\n\n From a technical standpoint, the Federal Reserve's<\/a> balance sheet management serves as a critical tool in its monetary policy arsenal. The evolving predictions by Wall Street's primary dealers underscore the complexities involved in forecasting economic variables, such as inflation and interest rates.<\/p>\n\n\n\n As the QT process continues, policymakers and market participants must remain vigilant, considering the potential ramifications for financial stability and economic growth. This dynamic landscape necessitates ongoing analysis and adaptation to ensure that monetary policy objectives align with evolving economic conditions.<\/p>\n","post_title":"Decoding Wall Street's Shift: A Closer Look At Wall Street's Changing Perspective","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"decoding-wall-streets-shift-a-closer-look-at-wall-streets-changing-perspective","to_ping":"","pinged":"","post_modified":"2024-01-10 07:51:25","post_modified_gmt":"2024-01-09 20:51:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8379,"post_author":"13","post_date":"2022-11-16 21:24:22","post_date_gmt":"2022-11-16 10:24:22","post_content":"\n Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency<\/a> (CBDC).<\/p>\n\n\n\n BNY Mellon, HSBC, Wells Fargo, Mastercard, and the U.S. Bank are some of the institutions taking part in the project. The undertaking aims to \u2018explore the feasibility of an interoperable digital money platform,\u2019 dubbed the Regulated Liability Network (RLN).<\/p>\n\n\n\n The three-month PoC program will look into a model of RLN design denominated in USD. RLN allows commercial banks to issue tokens representing their customers' deposits. On the blockchain, transaction settlements would be supported by simulated central bank reserves on the shared multi-entity distributed ledger.<\/p>\n\n\n\n \u2018\u2019Members of the U.S. banking and payments community involved in this PoC are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,\u2019\u2019<\/em> the consortium said in the Nov.15 announcement.<\/p>\n\n\n\n In addition, the group announced that SETL \u2013 a firm dealing in blockchain settlements and payments services - will provide the relevant technology, while Sullivan & Cromwell LLP and Deloitte are the legal advisors.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n The announcement comes as the state of the U.S. central bank digital currency remains in limbo. A statement<\/a> released by The White House on September 16 noted that the U.S. administration was yet to decide on CBDC. The report \u2013 which described the CBDC as a digital form of the dollar \u2013 added it was assessing its impact and the available options.<\/p>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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A Technical Perspective<\/h2>\n\n\n\n
U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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A Technical Perspective<\/h2>\n\n\n\n
U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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What This Means for the Economy<\/h2>\n\n\n\n
A Technical Perspective<\/h2>\n\n\n\n
U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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What This Means for the Economy<\/h2>\n\n\n\n
A Technical Perspective<\/h2>\n\n\n\n
U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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What This Means for the Economy<\/h2>\n\n\n\n
A Technical Perspective<\/h2>\n\n\n\n
U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
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Federal Reserve Strategy<\/h2>\n\n\n\n
What This Means for the Economy<\/h2>\n\n\n\n
A Technical Perspective<\/h2>\n\n\n\n
U.S. Undecided On CBDC As Legislators Question Impact On The Private Sector<\/h2>\n\n\n\n
