I worry that a CBDC, even an intermediated CBDC, would still result in $720 billion in deposits leaving the banking system.
Andy Barr: “I worry that a CBDC, even an intermediated CBDC, would still result in $720 billion in deposits leaving the banking…”
On the recordMay 25, 2022
Source
congress.govEditor's note · Context
Expresses concern over potential deposit losses due to CBDC implementation.
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