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“This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs).”

–“Money And Payments: The U.S. Dollar In The Age Of Digital Transformation,” Federal Reserve

Quotations throughout the article will come from the above article unless otherwise linked, which was written by the Board of Governors at the Federal Reserve. It can be concluded that the board’s intentions are to begin a narrative around CBDCs as it relates to the Federal Reserve and USD that falsifies expectations around how this technology would function.

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Blockchain Beat

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