The Federal Reserve Board has released a paper which highlights the potential risks and benefits of issuing a central bank digital currency (CBDC) version of the dollar. The paper highlights the need to implement strong financial crime, data protection, and cybersecurity controls in any CBDC environment that may come to exist. The Federal Reserve Board has requested industry feedback on the paper, which financial institutions should provide.

https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf

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