Federal Reserve's Kashkari Sees No Value Proposition for CBDC in the U.S.

According to Odaily, Neel Kashkari, a representative from the Federal Reserve, has expressed skepticism regarding the value proposition of Central Bank Digital Currency (CBDC) in the United States. Kashkari's comments reflect a lack of perceived benefits for the implementation of a digital currency by the country's central bank. This statement comes amidst global discussions on the potential advantages and disadvantages of CBDCs. However, the Federal Reserve representative's viewpoint suggests that the U.S. may not be quick to adopt this form of digital currency. Further details on Kashkari's stance or the potential implications of his statement were not provided.