The Federal Reserve — the U.S. central bank — has no immediate plans to launch a digital currency. But that doesn’t mean it shouldn’t be ready when that day comes, according to Robert Bench, assistant vice president in the secure payments group at the Federal Reserve Bank of Boston.
During a recent webinar hosted by The Block, when asked about the U.S.’s take on central bank digital currencies (CBDC), Bench said that work is being done on the technology front that could further the mission of the Federal Reserve system.
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