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The Future Of Payments Beyond The Pandemic

PYMNTS

Edwards termed real-time payments “an ACH killer … it’s moving today’s batch process of banks exchanging files with each other to a Federal Reserve centric master account to an ‘instant’ way for banks to do it.”. Cross-Border Friction — And Bitcoins And Blockchain.

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

As reported last week, new legislation has debuted on Capitol Hill that would mean companies that want to issue stablecoins would have to get bank charters and regulatory approval in place before issuing the digital currencies. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3

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The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). These views highlight the political divisions shaping the debate over the future of digital currency in the United States.

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President Trump issues Executive Order on digital assets

The Payments Association

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’