U.S. credit unions association says CBDCs are not worth the costs

07/08 08:44

According to Finbold, in a letter to the U.S. Commerce Department on July 6, the National Association of Federally-Insured Credit Unions (NAFCU) warned that the cost of developing a CBDC outweighs the touted benefits of the currency. NAFCU noted that instead of a CBDC, there exists other improved alternatives that can accomplish the same goals like alternative payments and promoting financial inclusion.
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