US Treasury and Federal Reserve are ‘studying’ potential of CBDC

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As global economies adapt to the Covid-19 pandemic, which is driving the need for contactless payments, federal authorities in the US have shared another update about the development of a digital currency. According to the Deputy Treasury Secretary Justin Muzinich, U.S Treasury along with the Federal Reserve, “is studying” a government-sponsored digital currency or CBDC. […]

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US Treasury and Federal Reserve are ‘studying’ potential of CBDC written by Alisha Roy @ https://eng.ambcrypto.com/us-treasury-and-federal-reserve-are-studying-potential-of-us-cbdc/ October 7, 2020 Alisha Roy

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