Prohibits the Federal Reserve from issuing or creating a central bank digital currency.
The Permanent CBDC Ban Act amends the Federal Reserve Act to permanently prohibit the Board of Governors of the Federal Reserve System or any Federal reserve bank from issuing or creating a central bank digital currency. This legislation seeks to ensure that no central bank digital currency is developed or implemented within the United States.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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