The Fed Is Working on a CBDC
6 hours ago
- #Blockchain
- #Federal Reserve
- #CBDC
- Federal Reserve continues involvement in BIS's Project Agorá despite executive order banning wholesale CBDC development.
- Project Agorá tokenizes central bank reserves and commercial deposits for cross-border payments, resembling a wholesale CBDC functionally.
- BIS avoids directly calling Project Agorá a CBDC, describing it as a technical upgrade with tokenized reserves, raising legal and compliance questions.