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Trump bans the creation of a 'digital dollar'
![IndiaTimes]()
Friday, 24 January 2025
US President Donald Trump issued an executive order to ban the establishment of a central bank digital currency in the US. Trump's decision aims to protect Americans from risks associated with CBDCs, including potential threats to financial stability, individual privacy, and national sovereignty. Former President Joe Biden had previously encouraged the Fed to explore the creation of a CBDC.
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