Federal Reserve issues discussion paper on central bank digital currency, or CBDC, for the U.S. Federal Reserve Cites Privacy, Cybersecurity Concerns among top CBDC Risks. Fed says it would likely opt for an “intermediary system” in which the private sector would be charged with issuing the digital wallets. CBDC could spur innovation, support faster and cheaper payments and expand access to the financial system, the Fed says. Experts say the Fed’s paper is a “first step” in what could be a long journey toward a CBDC.”]
Source: https://www.govinfosecurity.com/us-federal-reserve-issues-report-on-digital-dollar-a-18362