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gfp927z

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Thursday, 01/20/2022 2:51:34 PM

Thursday, January 20, 2022 2:51:34 PM

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>>> Fed unveils paper outlining central bank digital currency pros, cons


Yahoo Finance

by Jennifer Schonberger

January 20, 2022


https://finance.yahoo.com/news/fed-unveils-paper-outlining-central-bank-digital-currency-pros-cons-192832748.html


The Federal Reserve on Thursday issued its long-awaited paper exploring the benefits and negatives of a central bank digital currency (CBDC), as the debate over cryptocurrency regulation hits its stride.

The Fed laid out a list of pros and cons associated with adopting a CBDC, but did not come to any formal conclusion on doing so.

However, it said a digital currency could help support faster and cheaper payments, expand consumer access to the financial system, and help preserve the dollar's role international status as a reserve currency, among other benefits.

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