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Federal Reserve Has Assessed the Possibility of a Central Bank Digital Currency

Rwanda Studies CBDCs To Minimize Transaction Cost and Maximize Output

Jerome Powell, chairman of the Federal Reserve, responded to an inquiry by two congressmen who urged the Fed to consider the prospect of a central bank digital currency (CBDC). As per Ledger Insight, chairman Powell’s response confirmed the Fed has assessed the possibility and continue to research the implications from a cost-benefit perspective, November 21,

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