RATE Group | USA Is Looking Closely To Launching Its Own Cryptocurrency, According To Fed Governor La…
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USA Is Looking Closely To Launching Its Own Cryptocurrency, According To Fed Governor La…

08 Feb USA Is Looking Closely To Launching Its Own Cryptocurrency, According To Fed Governor La…

Posted at 18:03h in Cryptocurrency News by

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The U.S. Federal Reserve is experimenting with blockchain technology to establish potential use cases for a central bank digital currency (CBDC). Fed’s Governor Lael Brainard said this in a recent speech, but she also noted that risks still exist, and they have to be addressed before launching a digital currency.

The U.S. Contemplating A CBDC

As reported by Reuters, Federal Reserve Governor Lael Brainard recently mentioned the country’s potential involvement in central bank digital currencies, or CBDCs. According to her, the U.S. central bank is researching the feasibility of issuing a digital currency.

“We are conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC.

We are collaborating with other central banks as we advance our understanding for central bank digital currencies.”

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The US Federal Reserve. Source: DepositPhotos

 

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