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US Federal Reserve Drops Plan to Launch its Own Cryptocurrency

US Federal Reserve is Not Planning to Launch its Own Cryptocurrency | CryptoGlobe

Aleksander Berentsen, a research fellow at the Federal Reserve bank of St. Louis, and his colleague, Fabian Schar, had authored a paper in which they acknowledged it was easy for central banks to create their own cryptocurrency. “However, the key characteristics of cryptocurrencies are a red flag for central banks,” the researchers noted.