Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments


The U.S. Treasury Department is recommending more research on the development of central bank digital currencies (CBDCs).

In a new report, the Treasury Department says the US has an objective to create a future payments system that promotes American values, minimizes risks and fosters inclusion.

To achieve its goal, the agency recommends more research on a possible U.S. CBDC in case one is ever seen as beneficial to national interest.

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“The Federal Reserve is encouraged to: continue its research and technical experimentation on CBDCs, including its work on analyzing the possible choices of technology and other design elements of a CBDC; continue evaluating policy considerations as described in its January 2022 discussion paper.

[It should also] find mechanisms to provide the public with periodic updates

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