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Oct 12, 2022

America’s Unique Journey to Central Bank Digital Currency

Economies worldwide are pursuing the idea of a digital currency issued by central banks, with more than 80 countries acknowledging they are currently investigating the implementation of a central bank digital currency (CBDC). The U.S. recently announced they’ve also begun exploring a CBDC, although our journey will not follow exactly the same path. Going forward, much attention will be turned to the Federal Reserve; in mid-September 2022, the Treasury Department released a framework for regulating digital assets. According to Treasury Secretary Janet Yellen, one major objective is to “advance policy and technical work on a potential central bank digital currency, or CBDC."

Oct 3, 2022

The Next Evolution in Payments: Central Bank Digital Currencies

Crypto and distributed ledger technology (blockchain) continue to evolve at breakneck speeds. Governments also are fostering this discussion as they investigate implementing their own Central Bank Digital Currencies (CBDC). More than 80 countries around the world are researching or developing CBDCs, and are at various stages of the investigating process. On January 20, 2022, the U.S. Federal Reserve issued a discussion whitepaper highlighting the features/benefits/risks of such a payment system and acknowledged they are actively investigating it. Some governments have already postponed or canceled projects, while many are still investigating the pros and cons, and others have already launched their own digital currencies.

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