article thumbnail

Fed ‘Lapse’ Details Emerge In Bangladesh Bank Heist Case

PYMNTS

This internal document that was reportedly seen by Bloomberg’s team gives some insight into the Fed’s plan to recover the stolen funds and what action it can take on the legal side. It also appears to show communication between the Fed and the central bank, which includes heightened security measures following the hacking.

Fed 40
article thumbnail

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.

FRB 31