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The U.S. Federal Reserve Board Governor Christopher Waller is against recent moves to explore the establishment of a digital Dollar.
Waller acknowledged the growing interest from central banks towards digital currencies but said that he remains skeptical that a digital Dollar would solve any major problem confronting the U.S. payment system.
Speaking in a virtual event by the American Enterprise Institute on Thursday, Waller said a digital Dollar would be a problem, not a solution.
He believes it would serve a fraction of the population, calling for promoting financial inclusion by encouraging widespread use of low-cost commercial bank accounts.
