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Fed Launches Review of Possible Central Bank Digital Currency
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wsj.comWASHINGTON—The Federal Reserve on Thursday launched a review of the potential benefits and risks of issuing a U.S. digital currency, as central banks around the world experiment with the potential new form of money to keep pace with private-sector payments innovations.
Fed officials have been divided on the matter, making it unlikely they will decide soon on whether to create a digital dollar. Unlike private cryptocurrencies like bitcoin, a Fed version would be issued by and backed by the U.S. central bank, a government entity, as are U.S. paper dollar bills and coins.
Read more on wsj.comAbout this in other media
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India to Launch Central Bank Digital Currency investopedia.com /2 years ago
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