The U.S. Federal Reserve denies that its new instantaneous funds service, FedNow, is in any manner tied to the digital asset area. However consultants say the brand new system may lay the groundwork for the infrastructure wanted for a possible central financial institution digital forex (CBDC) within the U.S. And so this week’s announcement has led to a recent airing of warnings about potential privateness and management dangers round a digital greenback.
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Federal Reserve’s ‘FedNow’ Launch Triggers Contemporary Hypothesis Over Digital Greenback
