The Federal Reserve Board has released its first report outlining potential benefits and challenges to overcome concerning digital currencies issued by central banks.
The issuance of a digital version of the dollar, a key currency, will have a major impact on the world. It is hoped that the U.S. central bank will thoroughly dig into issues related to the matter.
The Fed was seen as reluctant to issue digital currency. However, China has conducted a number of experiments on the digital yuan, and the European Central Bank has also launched a two-year study to determine whether to introduce its own digital currency.
