With white paper, US Fed sets debate on own digital currency
The Indian Express Delhi|January 22, 2022
CREATING AN official digital version of the US dollar could give Americans more, and speedier, payment options, but it would also present financial stability risks and privacy concerns, the US Federal Reserve said in a long-awaited discussion paper released Thursday.

The paper made no policy recommendations and offered no clear signal on where the Fed stands on whether to launch a central bank digital currency(CBDC), a digital form of cash. The Fed said it would not proceed with creating one “without clear support from the executive branch and from Congress, ideally in the form fa specific authorizing law.

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