Blog: US CBDC research ‘could take years’, says Treasury – Central Banking

New reports by the US Treasury outline continued interest in a central bank digital currency, though they still stop short of giving CBDC a green light.

“The reports encourage the Federal Reserve to continue its ongoing CBDC research, experimentation, and evaluation,” said the White House on September 16.

The Treasury says a CBDC “has the potential to offer significant benefits” but “could take years” to develop.

President Joe Biden issued an executive order on March 9 calling for extensive

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