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Here Come “Programmable Dollars”: New York Fed And 12 Banking Giants Launch Digital Dollar Test

Here Come "Programmable Dollars": New York Fed And 12 Banking Giants Launch Digital Dollar Test
Here Come “Programmable Dollars”: New York Fed And 12 Banking Giants Launch Digital Dollar Test

 

BY TYLER DURDEN

Never let a crisis go to waste. Or a market crash for that matter.

With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing for the next stage in the “organized crash” pipeline: the rollout of CBSC.

According to a statement by the New York Fedglobal banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday…

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