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Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

by Index Investing News
July 23, 2023
in Cryptocurrency
Reading Time: 1 min read
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The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. And so this week’s announcement has led to a fresh airing of warnings about potential privacy and control risks around a digital dollar.



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