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

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. […] The post US Treasury and Federal Reserve are ‘studying’ potential of CBDC appeared first on AMBCrypto.

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

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. […]

The post US Treasury and Federal Reserve are ‘studying’ potential of CBDC appeared first on AMBCrypto.