U.S. Congress Reaches Deal to Prohibit Federal Reserve CBDC Issuance Until 2030
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A deal has been reached in the US Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030 as part of a housing bill. The ban is included in a broader housing bill that has been agreed upon by both the House and Senate. The move appears to put a hold on a federal digital dollar for now, while potentially leaving room for stablecoins.
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