Fed takes ‘first step’ toward considering digital dollar, seeks public comment

Published January 20, 2022 8:49pm ET



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.

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