Fed’s Barr says central bank ‘a long way’ from any decision on issuing digital currency
The Federal Reserve’s top regulatory official said on Fridaythe central bank is “a long way” from any decision on whether it would issue its own digital currency, and added it would not do so without official support in Washington. Fed Vice Chair for Supervision Michael Barr said while officials are investigating a central bank digital currency (CBDC), the Fedwas far from any decision. He added it wouldonly proceed with one with “clear support” from the president and authorizing legislation from Congress. “In my view, as both the issuer of U.S. ...
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