![The American Bankers Association States a US CBDC Is 'Unnecessary' and Presents 'Unnaceptable Risks' to the Financial System](https://static.news.bitcoin.com/wp-content/uploads/2023/09/shutterstock_1140100040-768x432.jpg)
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable risks” to the financial system, given that the dollar “is already digital.” ABA Opposes Idea of […]