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Fed Governor Michelle Bowman Says Creation Of US CBDC 'Could Pose Significant Risks'
Michelle Bowman, a member of the U.S. Federal Reserve Board, expressed reservations about the necessity and viability of a U.S. central bank digital currency (CBDC). During a discussion at Harvard Law School on Tuesday, she said, "The potential benefits of a U.S. CBDC remain unclear, and the introduction of a U.S. CBDC could pose significant risks and tradeoffs for the financial system." As the digital currency landscape continues to evolve, conversations like these are central to events such as Benzinga's Future of Digital Assets conference on Nov. 14. The Federal Reserve, responsible for exploring the potential ... (full story)