Digital assets and whether the us could benefit from a cbdc were discussed at a federal reserve conference on the dollar’s role in international trade. unlike cryptocurrencies like bitcoin and ether, these assets are held in a single location and cannot be transferred. a digital dollar has been repeatedly stated to be a research project by the world’s most powerful central bank.

a digital dollar, according to bank of america, could help it maintain its position as the world’s reserve currency. there was no need to press ahead, however, as panelists at this conference saw no reason to do so.

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