ABSTRACT

Financial Innovation: Central Bank Digital Currencies [March 20, 2020]   [open pdf - 503KB]

From the Document: "Certain observers assert that private digital currencies-- such as Bitcoin, Ethereum, and the Facebook-proposed Libra--could become widely accepted forms of payment. In response, some analysts suggest central banks should issue 'central bank digital currencies' (CBDCs) to maintain government-issued money's central economic role. Although no major central bank has issued a CBDC to date, this In Focus describes how foreign central banks and the Federal Reserve (Fed) are approaching the issue. It also examines policy issues raised by a CBDC."

Report Number:
CRS In Focus, IF11471
Author:
Publisher:
Date:
2020-03-20
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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