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Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

The research explores how "central banking for all" via digital currency could affect commercial banks.

Updated Sep 14, 2021, 8:48 a.m. Published Jun 5, 2020, 8:13 a.m.
Federal Reserve of Philadelphia (Credit: Shutterstock/Bumble Dee)
Federal Reserve of Philadelphia (Credit: Shutterstock/Bumble Dee)