No Central Bank Digital Currency Act prohibits Federal Reserve banks from issuing digital currency to individuals or intermediaries.
The No Central Bank Digital Currency Act, also known as the No CBDC Act, amends the Federal Reserve Act to prohibit Federal Reserve banks, the Board of Governors, the Secretary of the Treasury, and any other agency from minting or issuing central bank digital currency directly to individuals or digital currency intermediaries. It also prohibits these entities from offering related products or services directly to individuals or maintaining accounts on their behalf.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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