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New Legislation in the United States: A Proposed Ban on Retail CBDC
In a recent development that has caught the attention of financial experts and privacy advocates alike, a new bill has been introduced in the United States Congress aimed at prohibiting the Federal Reserve from issuing a retail Central Bank Digital Currency (CBDC). This legislative move highlights the ongoing debates surrounding the potential implementation of digital currencies at the federal level and the concerns about privacy, monetary control, and individual sovereignty.