13 Given the dollar’s important role, it is essential that we remain on the frontier of research and policy development regarding CBDC. Like other central banks, we are conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC.
We are collaborating with other central banks as we advance our understanding of central bank digital currencies. In assessing CBDC in the U.S. context, there are policy and design issues to explore, as well as legal considerations.