Janet Yellen

Treasury Secretary Janet Yellen speaking at the IRS New Carrollton Federal Building in Lanham, Maryland, Sept. 15. Reports provided by various institutions on digital assets recommend the US to develop a central bank digital currency. (AP Photo: Alex Brandon)

September 16, 2022
1:30 pm

The Biden administration is one step closer to developing a central bank digital currency, known as the digital dollar, which it says will help strengthen the US’ role as a leader in the global financial system.

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