The Federal Reserve Board, published a discussion paper on the potential of a Central Bank Digital Currency (CBDC). With this initial analysis, the Fed suggests that a U.S. CBDC would best serve the needs of the United States by being privacy-protected, intermediated, widely transferable, and identity-verified. The paper, however, is not intended to advance a specific policy outcome and takes no position on the ultimate desirability of a U.S. CBDC.

Comments have been requested to help examine the potential positives and negatives.

Press Release
Discussion Paper
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