By releasing a vague blueprint of pros and cons on Thursday, the Federal Reserve has taken the first step towards potentially pursuing a digital dollar.
The hard part will involve the Fed sorting through how to design a central bank digital coin (CBDC) in a way that meets approval of Congress and the White House, while smoothly transitioning into the payment and banking systems without disruption.
The Fed insists it won’t move forward without the “clear support” of both the executive and…
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