Michael Faulkender PH.D. and David Vasquez


RESEARCH REPORT: Central Bank Digital Currencies

On March 9, 2022 President Biden issued Executive Order (EO) 14067 (Federal Register, 2022)— Ensuring Responsible Development of Digital Assets — which directed the United States Department of Treasury, the Federal Reserve, and other relevant agencies to begin exploring the adoption of a U.S. Central Bank Digital Currency (CBDC) (The White House, 2022).

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