Financial Crime Financial Crime

US central-bank digital currency could 'provide value' depending on design, Fed researchers say

By Neil Roland
  • 25 Aug 2020 16:42
  • 25 Aug 2020 16:42
A US central bank digital currency could “provide value” in some areas but would likely fall short of all the benefits envisioned by its proponents, Federal Reserve Bank researchers said.

The currency’s advantages “will largely depend on its design,” the paper this month said. “No clear consensus exists on the key design characteristics”

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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