Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments

In the aftermath of disappointingly slow COVID-19 stimulus payments, Congress hears testimony on using digital dollars to upgrade the U.S.’s legacy financial infrastructure. On June 11, the Congressional Fintech Task…

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Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain

A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain. China Zhe­shang Bank, a national commercial bank, used blockchain technology to issue an asset-backed…

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Bank of Canada exploring digital currency that would replace cash, track how people spend money

Source: Finantial Post An internal Bank of Canada presentation says benefits of a digital currency include the sharing of personal information with police or tax authorities. The Bank of Canada…

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