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Federal Reserve’s Digital Dollar Push Worries Wall Street

  • Boston Fed, MIT researchers plan to unveil platform work soon
  • Project could threaten banks, credit cards, cryptocurrencies
Bloomberg business news
Powell Says Fed Isn't in a Rush to Adopt a Digital Currency
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The financial services industry, braced for what could be its biggest disruption in decades, is about to get an early glimpse at the Federal Reserve’s work on a new digital currency.

Wall Street is not thrilled.