After publishing a paper discussing the pros and cons associated with a possible central bank digital currency, the U.S. Federal Reserve invites comments from the public.

In a publication released Thursday titled “​​Money and Payments: The U.S. Dollar in the Age of Digital Transformation”, the Fed The government body would not likely be authorized to issue digital accounts or digital wallets capable of holding the U.S. central banking digital currency (or CBDC), but instead leave these issues to the private sector. In addition, the government body said it would be considering privacy concerns, whether a CBDC could be “readily transferable between customers of different intermediaries,” and identity verification to combat money laundering and the financing of terrorism.