Boston Fed, MIT Publish Open-Source CBDC Software

Boston Fed, MIT Publish Open-Source CBDC Software
The Federal Reserve Bank of Boston and MIT’s Digital Currency Initiative published open-source research software to support a “theoretical” central bank digital currency on Thursday.The Boston Fed and MIT have been jointly researching CBDCs for nearly two years, after Federal Reserve Governor Lael Brainard – who was recently nominated to be the Fed’s vice chair – announced the Boston branch of the U.S. central bank was investigating blockchain and a digital dollar. Thursday’s publication brings the central bank one step closer to a technical framework that could support a U.S. CBDC.Boston Fed Executive Vice President Jim Cunha – who was…