Weekly Wrap: China pushes U.S. to take central bank digital currency seriously

This week, Bank Automation News delves into a House committee’s inquiry into a potential central bank digital currency (CBDC), and explored China’s role in prompting the U.S. to explore a CBDC, as well as the U.S. hesitancy to adopt digital currency. The BAN team also explored how neobanks are causing more banks to abandon a major financial institution money maker — overdraft fees.

This week, Bank Automation News delves into a House committee’s inquiry into a potential central bank digital currency (CBDC), and explored China’s role in prompting the U.S. to explore a CBDC, as well as the U.S. hesitancy to adopt digital currency.
The BAN team also explored how neobanks are causing more banks to abandon a major financial institution money maker — overdraft fees.
Find a discussion of these topics and more in today’s episode of the Weekly Wrap with Editor Myra Thomas and Associate Editors Jaspreet Kalra and Loraine Lawson for the week ended June 18, 2021.

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