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Fed joins MIT's digital currency initiative to explore Central Bank Digital Currency

The Paypers

The Federal Reserve Bank (FRB) has taken CBDCs seriously and has been engaged in efforts to research a path toward implementation.

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Fed ‘Lapse’ Details Emerge In Bangladesh Bank Heist Case

PYMNTS

This case has also involved the FBI, as that $101 million was stolen from the central bank’s account with the New York Federal Reserve, which was eventually funneled into accounts in the Philippines and Sri Lanka. ” “We view this as a major lapse on the part of FRB NY,” the document obtained by Bloomberg reads.

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