Fed Launches "Innovation Center" to Research CBDCs

The Federal Reserve recently announced the launch of the New York Innovation Center. The center will be responsible for developing technology to improve the dollar payments system, specifically in the area of speed and international payments. However, the center will also be responsible for researching the development of digital currencies and Central Bank Digital Currencies, or CBDC's.

Fed Video: https://youtu.be/P1murzGZfkE

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