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Boston Fed and MIT to Launch CBDC Research Effort 

The United States has remained notably stoic as other countries launch Central Bank Digital Currencies (CBDCs) — or, at least, commit to exploring them. However, with Washington still dragging its heels, one of the country’s federal reserve banks is taking the initiative. Time to Understand CBDCs’ Benefits This week, Lael Brainard, the Governor of the Federal Reserve Bank of Boston, said in a speech that her bank would partner with the Massachusetts Institute of Technology (MIT) to develop and test a possible CBDC. Brainard made the statement at the San Francisco Federal Reserve Bank, explaining that it was time for regulators…

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