The Future of Foreign Exchange Trading

Zoltan: The Fed's main objective is essentially to defray the risk and therefore reduce the deterrent power of a sanctions threat on them, which is really one of their critical strategic objectives in the next five or ten years. If we try to break their access to the dollar clearing system, they would have these alternative mechanisms pretty close to sort of go live if they needed to," he says. "It starts very small, it's kind of gradually then suddenly sort of thing, right? But that is their vision for CBDCs"

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