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Tue, Nov 24, 2020 10:00 PM by CryptoSlate

US Fed: Privacy concerns in “Big Tech” are good for state-backed digital currencies

Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative. The post US Fed: Privacy concerns in “Big Tech” are good for state-backed digital currencies appeared first on CryptoSlate.

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