Cryptocurrency News: Building in Resiliency and International Co-Operation

The Federal Reserved refused to commit or to scrap the idea of a Central Bank Digital Currency (CBDC), in their long-anticipated paper. Within the paper, the Federal Reserve commented on the need for extreme resiliency to cybersecurity threats on any proposed CBDC system. Among the benefits to adopting a CBDC listed is to both support the dollar’s international role, and improve cross border payments, however, to achieve the latter requires significant international co-operation.