On January 20th, the Federal Reserve released a discussion paper that examines the pros and cons of a potential U.S. central bank digital currency, or CBDC. In this episode, Marcelo Prates joins Lee to breakdown the paper's findings and the future of CBDCs in the U.S. and elsewhere. Marcelo is a lawyer at the Central Bank of Brazil and a columnist at cryptocurrency news site, Coindesk.

Marcelo's Twitter: @MarceloMPrates

Related Links:

*Money and Payments: The U.S. Dollar in the Age of Digital Transformation*, the Federal Reserve Board. https://www.federalreserve.gov/publications/money-and-payments-discussion-paper.htm

*No Reason to Fear Central Bank Digital Currencies* by Marcelo Prates

https://www.coindesk.com/policy/2021/05/17/no-reason-to-fear-central-bank-digital-currencies/

* Legal troubles may delay CBDCs* by Marcelo Prates

https://www.omfif.org/2021/02/legal-troubles-may-delay-cbdcs/

*CBDC: A Solution in Search of a Problem?* by Federal Reserve Board Governor Christopher Waller https://www.federalreserve.gov/newsevents/speech/waller20210805a.htm