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The Board of Governors of the Federal Reserve System published a paper in January 2022 titled "Money and Payments: The U.S. Dollar in the Age of Digital Transformation" To evaluate a potential central bank digital currency (CBDC), the Fed's paper published in. 2022 titled the Paper: The Federal Reserve, as the nation’s central bank, works to. foster monetary stability, financial stability, and a safe and efficient payment system. As of now, the central bank provides currency to the public only in the form of Federal Reserve Notes (Cash)
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