Could the US develop a government-issued digital currency? President Biden just ordered federal agencies to explore the idea of doing just that.
that a Central Bank Digital Currency "is generally defined as a digital liability of a central bank that is widely available to the general public.
The Federal Reserve says it hasn't decided whether to pursue a digital currency but notes that a CBDC "could provide households and businesses a convenient, electronic form of central bank money, with the safety and liquidity that would entail; give entrepreneurs a platform on which to create new financial products and services; support faster and cheaper payments ; and expand consumer access to the financial system.
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