Fed to Launch CBDC Review as Early as This Week: Report

The U.S Federal Reserve is set to launch a review of the risks and opportunities in launching a central bank digital currency (CBDC) as early as this week, according to a report by the Wall Street Journal.

Officials at the Fed will release a paper soliciting public comment on the matter, the WSJ reported Monday.A decision is unlikely to be taken quickly given the difference in opinion between Fed officials on the benefits and risks that a CBDC could offer.Such a report exploring these further was initially expected in September. Fed Chair Jerome Powell stressed on Sept. 22 that one was coming “soon.”

Read more: Digital Dollar Needs Legislative Support, Fed Chair Says

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