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    HomeFederal ReserveFedNow Service has no relation with CBDCs, Federal Reserve clarifies

    FedNow Service has no relation with CBDCs, Federal Reserve clarifies

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    The Federal Reserve certified the FedNow Service as “ready,” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test out the system, before its launch by the end of July 2023.

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