The U.S Federal Reserve is set to launch a review of the risks and opportunities in launching a central bank digital currency (CBDC) as early as this week, according to a report by the Wall Street Journal.
- Officials at the Fed will release a paper soliciting public comment on the matter, the WSJ reported Monday.
- A decision is unlikely to be taken quickly given the difference in opinion between Fed officials on the benefits and risks that a CBDC could offer.
- Such a report exploring these further was initially expected in September. Fed Chair Jerome Powell stressed on Sept. 22 that one was coming “soon.”
Read more: Digital Dollar Needs Legislative Support, Fed Chair Says
