5 Lessons From Digital Currency
Fair and constructive financial institutions acting as intermediaries are the safeguards of these principles. President Joe Biden signed an executive order on March 9 ordering the US Treasury Department, the Commerce Department and other key agencies to prepare reports on "the future of money" with a view to perhaps creating a digital dollar. As part of the test project, J$230 million (€1.28 million) worth of digital currency was minted. Policies Arround The Cbdc We review the concepts and features of both central bank and private sector money and focus on them in selected advanced and emerging economies. As a newly emerged form of private sector money, digital coins such as bitcoin have garnered much attention because their underlying distributed ledger technology enables decentralized verification while maintaining features similar to cash. Some central banks have expressed unease about digital coins because of their high volatility. Thus, it is likely to take time befo