US Fed: CBDC a ‘very high priority’ to combat bad private sector money

by Aurelia Butler 15 January 2021, 12:00 199 Views

CBDCs are the banking industry’s answer to cryptocurrency stablecoins. While they are often hosted on the blockchain, they share little in the way of philosophical parity with their decentralized counterparts. CBDCs will be overseen by the banks that issue them and will be regulated under the laws of their respective jurisdictions.

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Source: Cryptocurrency - investing.com

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US Fed: CBDC a ‘very high priority’ to combat bad private sector money

Stocks making the biggest moves in the premarket: JPMorgan Chase, PNC Financial, Disney & more

JPMorgan beats profit estimates on better-than-expected credit, record trading revenue

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