Based on last week’s regulatory onslaught, it seems U.S. authorities do not like digital currencies. But a central bank digital currency (CBDC)? That has not been ruled out yet. At least, that’s what one U.S. Treasury Department representative said at today’s Transform Payments USA 2023 conference,

Graham Steele, assistant secretary for financial institutions, spoke about the U.S. government’s FedNow payment service, central bank digital currencies (CBDCs) and the future of “open banking” at the industry event, organized by Reuters.

Steele, representing the Treasury Department, was clear in the fact that the United States “has not yet determined whether it will pursue a CBDC.” He did say, however, that the Treasury is leading an interagency working group to study a “potential” U.S. CBDC.

Central bank digital currencies are digital versions of fiat currencies. Go to Source to See Full Article
Author: Pedro Solimano

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