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Central Bank Digital Currencies: A Solution in Search of a Problem

Politico reports that the Fed is taking “what may be the first significant step toward launching its own virtual currency,” a move that the American Bankers Association opposes. Still, according to Politico, a “fully digital version of the U.S. dollar” now has bipartisan interest in Congress “because of its potential benefits for consumers who don’t have bank accounts.” ....

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