Fed, Treasury, Others to Meet on Central Bank Digital Currency

The Treasury Department, Federal Reserve and other agencies plan to hold regular sessions to discuss a potential central bank digital currency, according to a senior Treasury official.

• In coming months, agencies “will begin to meet regularly to begin to discuss a possible CBDC and other payment innovations,” Nellie Liang, the Treasury undersecretary for domestic finance, said in remarks to the Atlantic Council on Wednesday
• Any potential US CBDC needs to be evaluated on whether it adds to financial inclusion, Liang said
• Design choices are likely to involve trade-offs, especially in terms of protecting privacy while preventing illicit use
• Working ...