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Ukraine to Allow CBDCs while BoA Anticipates Demise of Cash - CBDCs Weekly

Table Of Contents As development of a U.S. based Central Bank Digital Currency (CBDC) continues, an increasing amount of figureheads are speaking on their future importance.  Whether this is the result of a need to keep up with the joneses (i.e. Ukraine) or the Bank of America touting the effectiveness of CBDCs, the end result will be the same – a future inundated with digital currencies from private issuers and central banks alike. The United States ‘Needs’ a CBDC In a recent discussion with the Aspen Institute Economic Strategy Group, Federal Reserve Governor Lael Brainard shared her thoughts on a potential U.S. Central Bank Digital Currency.

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