The Federal Reserve is still studying a potential digital dollar but officials haven’t decided whether to recommend the central bank launch a virtual currency.
That’s according to the Fed’s top bank watchdog Michael Barr, who reiterated Friday the Fed wouldn’t move forward with a central bank digital currency, or CBDC, without the backing of Congress and the executive branch. He gave no timeline for a Fed decision on whether to recommend such a move.
“With this in mind, learning from both domestic and international experimentation can aid decisionmakers in understanding how we can best support responsible innovation that safeguards the ...
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