The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable risks” to the financial system, given that the dollar “is already digital.” ABA Opposes Idea of […]
American Bankers Association States a CBDC Is 'Unnecessary' and Presents 'Unacceptable Risks' to the US Financial System
Bitcoin.com - 16 Sep 2023 12:30
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable risks” to the financial system, given that the dollar “is already digital.” ABA Opposes Idea of […]
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