Cabot Phillips: Central bank digital currency or CBDC is a new tech revolution in the financial industry. Unlike cryptocurrencies, which are typically decentralized and not controlled by any one entity, these new currencies are directly issued, controlled, and backed by the government. The Federal Reserve Bank of New York worked with banks like City, MasterCard, and Wells Fargo to test a simulated digital currency exchange.
The government pushes for a centralized digital currency, Planned Parenthood dominates sex education curriculum, and California proposes using Medi-Cal payments for the homeless. Get the facts first with Morning Wire.
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