Brookings’ Klein on Stablecoin’s Downsides, CBDC Myths and More Fed Cowbell
Banking with Interest
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CBDC - The Number Two Reason People Don't Have Bank Accounts
14% of households in America are underbanked, according to a new survey. One out of five Americans roughly would be not fully banked according to the FDIC. The Bank Secrecy Act and AML anti money laundering system have morphed into this giant reporting structure that has "lost a lot of focus," he says.
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