Fed's "Direct Money Transfers" Are Coming: Brainard Says Fed Collaborating With MIT On "Hypothetical" Digital Currency

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Fed's "Direct Money Transfers" Are Coming: Brainard Says Fed Collaborating With MIT On "Hypothetical" Digital Currency (www.zerohedge.com)

>"It is important to understand how the existing provisions of the Federal Reserve Act with regard to currency issuance apply to a CBDC and whether a CBDC would have legal tender status, depending on the design."

>>"It is important to understand how the existing provisions of the Federal Reserve Act with regard to currency issuance apply to a CBDC and whether a CBDC would have legal tender status, depending on the design."

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