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How to blueprint currency release

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WEDNESDAY. THIS IS WHAT THE MARKETS ARE KEYING OFF AHEAD OF THIS ANDREW. A NEWS ALERT FROM WASHINGTON THE BIDEN ADMINISTRATION RELEASING THE ROLE ON DIGITAL ASSETS YLAN MUI HAS DETAILS ON THAT Reporter: ANDREW, THE WHITE HOUSE IS ISSUING THE GOVERNMENTS FIRST FRAMEWORK ON DIGITAL ASSETS IT SAYS THE GOAL HERE IS TO MITIGATE THE DOWNSIDE RISK OF THE VOLATILE INDUSTRY AND HARNESS THE BENEFITS WHERE PROVEN THE TREASURY DEPARTMENT AND COMMERCE AND WHITE HOUSE CONTRIBUTED TO THE EFFORT. BRIAN DEESE SAID WITHOUT PROPER O OVERSIGHT, CRYPTOCURRENCY IS RISKING EVERY DAY AMERICANS. THE FED SHOULD KEEP EXPLORING A DIGITAL KRCURRENCY WHICH THE WHE HOUSE SAYS COULD HAVE BENEFITS THE DEPARTMENT OF ENERGY AND EPA WILL TRACK THE ENVIRONMENT AL IMPACT OF CRYPTO THERE IS A FOCUS ON FINANCE. THE WHITE HOUSE IS WEIGHING WHETHER TO ASK CONGRESS TO AMEND THE BANK SECRECY ACT AND MONEY LAUNDERING LAWS TO REFERENCE DIGITAL ASSETS TREASURY WILL RISK DIGITAL ASSETS THIS IS THE FOLLOW-UP THAT

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Can digital currency replace cash?

The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them.

What is digital money backed by?

A Central Bank Digital Currency (CBDC) is the digital form of a countrys fiat currency that is also a claim on the central bank. Instead of printing money, the central bank issues electronic coins or accounts backed by the full faith and credit of the government.

What will replace the dollar?

The currency wars are getting hot and its looking increasingly likely that the world is going to start moving away from the US dollar as a reserve currency gold or bitcoin are the front runners to replace it.

What will the digital dollar be backed by?

So the basic difference is, instead of actually printing physical money, the central bank will be issuing a cryptographic representation of money issued in electronic form, and it will be backed by the full faith and credit of the U.S. government. Thats very different from electronic payments that we make today.

What will replace the U.S. dollar?

The currency wars are getting hot and its looking increasingly likely that the world is going to start moving away from the US dollar as a reserve currency gold or bitcoin are the front runners to replace it.

Is digital currency possible?

ing to the Atlantic Councils GeoEconomics Centers Central Bank Digital Currency (CBDC) Tracker, 10 countries have fully launched a digital currency, and China is on course to expand from its pilot CBDC in 2023. Chinas digital yuan, one of the largest CBDC programs, launched its pilot project in 2014.

Will there be a digital currency?

ing to the Atlantic Councils GeoEconomics Centers Central Bank Digital Currency (CBDC) Tracker, 10 countries have fully launched a digital currency, and China is on course to expand from its pilot CBDC in 2023.

What is the new digital dollar?

We are launching the Digital Dollar Project to catalyze a digital, ized U.S. currency that would coexist with other Federal Reserve liabilities and serve as a settlement medium to meet the demands of the new digital world and a cheaper, faster and more inclusive global financial system.

Is the United States moving to digital currency?

ing to new Atlantic Council research, the United States, thanks to Project Cedar, has moved into development of a central bank digital currency and joined its colleagues at the European Central Bank, the Bank of Japan, and the Bank of England in making the leap forward.

Will the US have a digital currency?

Its official: The United States is developing a bank-to-bank digital currency. While the world was busy watching the collapse of crypto exchange FTX, the US Federal Reserve system made an important move.

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