The research by the US-based Atlantic Council think tank highlighted that all G20 countries with the exception of Argentina are now in one of those far-along phases although, notably, the United States is falling increasingly behind. The report also mentioned the stalled progress of a digital dollar for the wider US population.
The research by the US-based Atlantic Council think tank highlighted that all G20 countries with the exception of Argentina are now in one of those far-along phases although, notably, the United States is falling increasingly behind. While still inching forward on a banks-only “wholesale” digital dollar, one for the wider US population now looked “stalled” the report said, with Federal Reserve chief Jerome Powell saying this month, “nothing like that is remotely close to happening”.
US President Joe Biden ordered officials to look into a digital dollar in 2022 but it has become a divisive political issue with Biden’s Republican rival in this year’s US election race, Donald Trump, vowing not to allow it. “The biggest headline here is that the divergence between the world’s largest central banks over CBDCs (Central Bank Digital Currency) is growing,” the Atlantic Council’s Josh Lipsky said pointing to how much further ahead China, Europe and Japan wer
Digital Currencies G20 United States Central Banks Cbdcs
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