The New Paper

May 21, 2021

Fed announces plans to release paper on digital currencies

The Fed announced plans to issue a discussion paper this summer on digital payments and central bank digital currencies (CBDCs), citing recent technological advances and growing adoption of cryptocurrencies and stablecoins. The announcement (source) comes as central banks begin to explore digital currencies, including China’s release of the digital yuan.
This story is from the May 21, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.