Fed says central bank digital dollar could offer benefits

The US central bank continues to take a neutral position on digital currency, though its report acknowledges going digital could offer potential benefits to consumers and businesses. — Relaxnews

An official US digital currency could offer potential benefits to American consumers and businesses, but it is not clear they would outweigh the potential risks, the Federal Reserve said Thursday.

In a long-awaited report on central bank digital currencies (CBDC), the Fed stressed that it is not taking a position nor does the paper signal "any imminent decisions about the appropriateness of issuing a US CBDC."