Central banks representing two-thirds of the world's nations and 98% of the global GDP are currently exploring the development of CBDCs, Coindesk reported, citing Bank of America.
But a digital dollar? Don't expect one anytime soon.
What Happened: “The Federal Reserve (Fed) continues to pilot CBDCs but has not committed to a CBDC and will not issue one without executive branch and Congressional support,” state analysts, including Alkesh Shah.
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The Fed's approach remains cautious, awaiting broader governmental backing before ...