Fed. Reserve pushes back on claims that FedNow system is equivalent to a central banking system
The following is an excerpt from The Defender. The Federal Reserve wants everyone to know that its new FedNow instant digital payments system, which it plans to roll out in July, is not a central bank digital currency (CBDC). “The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash,” the […]
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