The News-Times

Fed study on digital currency leans toward role for banks

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The Federal Reserve released a highly anticipate­d report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers. A central bank digital currency would differ in some key ways from the online and digital payments that millions of Americans already conduct. It wouldn’t necessaril­y require the user to have a bank account.

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