United States of America

Working Group: Finance - CBDCs

Country: United States of America

Government Body: Federal Reserve System

Key Issue: CBDC

Type of Action: Internal Project

Status: In Progress

Next Steps: To be published

Summary: The Federal Reserve Bank of Boston announced that it is collaborating with the Digital Currency Initiative at Massachusetts Institute of Technology (MIT) for technical research related to a central bank digital currency (CBDC). This is a multi-year effort aimed at broadening the understanding of CBDCs.

Date: 13 August 2020