Advertisement
AD

Main navigation

Federal Reserve to Release Research Paper on U.S. Digital Currency This Summer

Advertisement
Thu, 20/05/2021 - 18:35
Federal Reserve to Release Research Paper on U.S. Digital Currency This Summer
Cover image via stock.adobe.com
Read U.TODAY on
Google News

The U.S. Federal Reserve is set to publish a research paper on a central bank digital currency this summer, Chairman Jerome Powell announced Thursday.

The paper will focus on assessing the benefits and risks of issuing a CBDC.

Advertisement

Related

Powell claims that the U.S. is “adapting” to advances in the payment sector, adding that central banks can take advantage of “new possibilities” offered by tech innovations:   

Our focus is on ensuring a safe and efficient payment system that provides broad benefits to American households and businesses while also embracing innovation

The Fed will be asking for public comment on the initiative before taking any further steps.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD