Treasury suggests exploring creation of central bank digital currency

Treasury Secretary Janet Yellen speaks at the IRS New Carrolton Federal Building, Sept. 15, in Lanham, Maryland. Reports provided by various agencies regarding digital assets have recommended the U.S. develop a central bank digital currency. (AP Photo: Alex Brandon)

September 16, 2022
1:30 pm

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system.

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