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the Federal Reserve is considering a digital dollar the implications for privacy and freedom are frightening [Music] hello Im Steve Forbes and this is whats ahead where you get the insights you need to better navigate these turbulent times central banks around the world are examining whether they should create digital currencies China is gradually enrolling one already Japan May launch a digital Yen by 2026. India is moving ahead in this front the Federal Reserve is on the bandwagon here where experiments and studies are already underway these moves to what has dubbed a central bank digital currency cbdc may sound like making sure financial institutions are keeping up to date and ensuring currency stability amid cryptos that are crashing in value along with The Sensational multi-billion dollar collapse of crypto exchange FTX now Advocates say cbdcs will help central banks better fight inflation because theyll have more direct control over the money supply that it will sharply speed
