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US Senate Bans CBDC: What Happens to Its Wholesale Version?
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US Senate Bans CBDC: What Happens to Its Wholesale Version?
The US Senate’s newly passed Housing Act does not clearly distinguish between retail and wholesale versions of a CBDC. The definition of the act, though, implies that the CBDC prohibition applies only to the retail version, which is designed to be widely available to the public. The US Senate effectively banned Central Bank Digital Currency (CBDC) when it passed the 21st Century ROAD to Housing Act on Thursday. The bipartisan bill sponsored by H…
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