(Worthy News) – The Federal Reserve is asking for the public’s help in weighing whether the United States should develop and adopt a central bank digital currency.
The Fed took the first step in the consideration process Thursday when it released its much-anticipated discussion paper. The 40-page document makes no policy recommendations regarding the adoption of a CBDC but did discuss the potential benefits and risks of doing so.
The paper examines the current domestic payment system and emerging digital payment systems that have been developed over the past few years. The Fed is soliciting public comment about the notion of a centralized digital currency for the next four months and is encouraging the public to share its thoughts. [ Source: Washington Examiner (Read More…) ]
We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.