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Can the Federal Reserve issue a central bank digital currency?

The House passed a bill Thursday barring the Federal Reserve from issuing a central bank digital currency (CBDC) unless it has explicit authorization from Congress. The CBDC Anti-Surveillance State Act passed the chamber by a 216-192 vote, almost entirely along partisan lines.

What will a US central bank digital currency look like?

What Will a U.S. Central Bank Digital Currency Look Like? A U.S. central bank digital currency (CBDC) would be a tokenized and blockchain-based version of the U.S. dollar, maintained and issued by the Federal Reserve.

Would a central bank digital currency replace the US dollar?

A U.S. central bank digital currency (CBDC) wouldn't replace the U.S. dollar. It would complement physical cash by opening more payment options. According to the Federal Reserve, a CBDC is "not to reduce or replace [U.S. dollars]."

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