At a recent fintech conference organized by the Philadelphia branch of the U.S. Federal Reserve System (Fed), the Fed’s vice chairman for supervision Michael Barr outlined the Fed’s commitment to building out a robust central bank digital currency (CBDC) payment infrastructure. In addition to the Fed’s launch of “FedNow” in […]
Daily Archives: September 11, 2023
2 posts
The Internal Revenue Service (IRS) has embarked on a “sweeping, historic” tax enforcement initiative using artificial intelligence (AI) and other advanced technologies to more effectively identify tax evaders. The new technology-driven enforcement is aimed at higher-earning Americans and large corporations, with a promise not to increase audit rates for those […]