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Credit unions warn about the cost of developing a CBDC

In a public letter to the U.S. Commerce Department, dated Tuesday, Andrew Morris, the senior counsel for research and policy at NAFCU, claimed that the costs would outweigh the benefits and that there are superior alternatives for accomplishing the same objectives. The letter came in response to the Department’s request for comment (RFC) on digital assets.

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Source: Cryptocurrency - investing.com

Do you have recession anxiety? Here are 5 ways to cope, according to a psychotherapist and a financial psychologist

Protecting Social Security benefits from rising inflation is high on voters' wish lists, survey finds