ICA submission to us federal reserve consultation on cbdc, may 2022
The below are the answers submitted by the ICA to Questions posed at the end of the Federal Reserve’s January 2022 paper ‘Money and Payments: the US Dollar in the Age of Digital Transformation’. The paper is available at https://www.federalreserve.gov/publications/files/money-and-payments-0220120.pdf The answers were submitted using the form at https://www.federalreserve.gov/apps/forms/cbdc on 20 May 2022
A digital dollar can complement cash, never replace it
The International Currency Association (ICA), representing the global currency sector, has confirmed its submission to the US Federal Reserve consultation on the introduction of a digital dollar. The consultation was launched in response to the US Federal Reserve’s discussion paper published in January 2022, which presented the Bank’s emerging thoughts on central bank digital currencies […]