The Federal Reserve has released a 40-page paper [PDF] on its study of a digital dollar. It seeks public comment as it takes no position at this time.
Instead, it provides an exhaustive look at benefits such as speeding up the electronic payments system at a time when financial transactions around the world already are highly digitized. Some of the downside issues the report discusses are financial stability risks and privacy protection while guarding against fraud and other illegal issues.
Check It Out: Federal Reserve Releases Paper on Digital Dollar, Seeks Public Comment