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March 06, 2023
Commentary by Steven Lofchie

Treasury Under Secretary for Domestic Finance Nellie Liang asserted that a U.S. central bank digital currency must be able to: (i) serve as legal tender; (ii) convert one-for-one to other forms of central bank money (i.e., reserve balances or paper currency); and (iii) clear and settle almost instantly.

February 27, 2023

The Financial Action Task Force suspended Russia's membership in response to its "unprovoked and unjustified" invasion of Ukraine.