Fed’s Powell: CBDC Will Be Years, Not Months, Away
PYMNTS
JANUARY 15, 2021
Despite that, there have been early studies of such payment methods at the central bank’s Boston location, CoinDesk reported. According to Powell, the Fed is “investing heavily” in the technology and is looking into the policy questions posed by CBDCs. The report speculated that CBDCs could see major progress in 2021.
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