CONGRESS IS ATTEMPTING TO SNEAK CREATION OF A ‘DIGITAL DOLLAR’ INTO CORONAVIRUS STIMULUS PACKAGE BILL THAT’S TIED TO NATIONAL DIGITAL ID by Geoffrey Grider for Now the End Begins The bill establishes a digital dollar, which it defines as ‘a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or … an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).’ Additionally, a digital dollar…
READ MORECONGRESS IS ATTEMPTING TO SNEAK CREATION OF A ‘DIGITAL DOLLAR’ INTO CORONAVIRUS STIMULUS PACKAGE BILL THAT’S TIED TO NATIONAL DIGITAL ID
