Setting up a digital dollar, she said, “could help preserve the dollar’s global role” and possibly reduce frictions in cross-border transactions. But even if the U.S. doesn’t issue one, she said, government officials are exerting influence with U.S. allies toward “responsible development of CBDCs” in other places, noting that 11 jurisdictions have already moved ahead with their virtual currencies.
Related posts
-
Digital Asset Funds Recorded Net Inflows for First Time in 4 Weeks: CoinShares
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
HIVE Digital stock rallies over 9% as Bitcoin miner bolsters crypto reserves to 2.5k BTC
Canadian Bitcoin mining company HIVE Digital has released a June financial report, revealing it has increased... -
Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million
Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant...