Not only does the US Federal Reserve have no plans to issue a digital currency, but it has repeatedly said it wouldn’t do so without authorisation from Congress. How closely the digital currency may imitate physical cash is still a wide-open question that can only be answered through research and testing.
By Mike Orcutt It’s summer 2020. The world is under a series of lockdowns as the pandemic continues to run its course. And in academic and foreign policy circles, digital currencies are one of the hottest topics in town. China is well on its way to launching its own central bank digital currency, or CBDC, and many other countries have launched CBDC research projects. Even Facebook has proposed a global digital currency, called Libra. So when the
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