Fed’s “Direct Money Transfers” Are Coming: Brainard Says Fed Collaborating With MIT On “Hypothetical” Digital Currency

“It is important to understand how the existing provisions of the Federal Reserve Act with regard to currency issuance apply to a CBDC and whether a CBDC would have legal tender status, depending on the design.”

https://www.zerohedge.com/markets/preview-feds-coming-direct-money-transfers-brainard-says-fed-collaborating-mit-hypothetical