New York Federal Reserve


Policy

Ethereum Entities Largely Complied With Tornado Cash Sanctions, NY Fed Paper Says

Though Tornado Cash still sees some transaction volume, most validators are cooperating with sanctions, the paper said.

Tornado Cash's Roman Storm, second from left, and his legal team – Brian Klein (left), Keri Axel and Kevin Casey – outside court in New York. (Nikhilesh De/CoinDesk)

Policy

Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments

NY Fed’s innovation center worked with Citi, HSBC and other banks on the concept of a network for wholesale payments on a shared ledger, finding the idea has potential benefits.

(David Merrett/Flickr)

Policy

NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

The report is part of the Fed and MAS's ongoing joint Project Cedar/Project Ubin research.

The U.S. Federal Reserve is taking a more cautious approach towards CBDCs than in many other countries, including China.

Finance

Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.

The Federal Reserve Bank of New York is leading a program to test the use of digital tokens to settle transactions among financial institutions. (Shutterstock)

Policy

CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says

The New York Fed simulated foreign exchange transactions using a distributed ledger to test for improvements over the current system.

Federal Reserve Bank of New York (Michael M. Santiago/Getty Images)

Videos

DeFi Protocol Euler Hires Fmr NY Fed Staffer as COO

Permissionless crypto lending protocol Euler Finance announces its new COO – a New York Federal Reserve veteran Brandon Neal. “The Hash” co-host Zack Seward says this move highlights the growing momentum of institutional DeFi, and that “sometimes, boring is good.” The team unpacks what this hiring means for the industry at large.

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Videos

"Bitcoin as Inflation Hedge? Former New York Fed Reserve Director on Inflation, FOMC Minutes and Digital Dollar "

"First Mover" talks to Cornerstone Macro's partner and former New York Federal Reserve Director Benson Durham about the inflation debate, the Fed's monetary policy and bitcoin as an inflation hedge ahead of the release of the latest Fed meeting minutes.

Recent Videos

Policy

Where the NY Fed 'Bitcoin Is Not New' Blog Goes Wrong

A recent post categorizing Bitcoin as just another fiat currency uses some strange definitions of money, our columnist writes.

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Markets

New York Fed's 'Bitcoin Is Just Another Fiat' Claim Sparks Controversy

Economists at the New York Federal Reserve think bitcoin is a fiat currency. Nic Carter thinks the New York Fed is "insane."

“I don't know if their intent is to denigrate bitcoin but it comes off that way,” said Nic Carter of a NY Fed report. (Northfoto/Shutterstock)

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