Treasury suggests exploring creation of central bank digital currency

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Treasury Secretary Janet Yellen speaks at the IRS New Carrolton Federal Building, September 15, in Lanham, Maryland. Reports provided by various agencies regarding digital assets have recommended the United States to develop a central bank digital currency. (AP Photo: Alex Brandon)

September 16, 2022
1:30 p.m.

The Biden administration is taking a step closer to developing a central bank digital currency, known as the digital dollar, saying it would help strengthen the role of the United States as a leader in the global financial system.


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