PolitiFact - No, banks are not being forced to hand over physical currency to the government

There is no government mandate for financial institutions or private individuals to use this service. And there is

that participating banks will have to turn over their coins to the federal government. We also found no evidence to suggest individuals will have to liquidate physical currency to use the service.a similar post that claimed President Joe Biden signed an executive order that implemented a digital currency and extended power to the government to electronically control it.A Sept.

The post appears to be based on out-of-context information about an instant payment program, called FedNow Service, which is in the pilot stages and expected to be more widely available in mid-2023. The program is not mandated and participating banks don’t have to hand over their coins to the federal government.

You guys are a joke, simple as that. I believe the opposite of anything you post. Corrupt as corrupt gets.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 Dallas-area taco shops make Yelp’s best-of list in the United StatesBut something’s strange here. I'm guessing that none of the Fort Worth BBQ places that also make tacos are not on the list. Try Brix BBQ and get their pulled pork tacos. It will blow your mind.
Source: dallasnews - 🏆 18. / 71 Read more »

The United States and its allies must stand with the Iranian people against tyrannyOpinion: The United States and its allies must stand with the Iranian people against tyranny
Source: ladailynews - 🏆 332. / 59 Read more »

Used Car Prices Are Finally Falling In The United States | CarscoopsPrices of used Jeep Wagoneers have fallen particularly hard in the last six weeks
Source: Carscoop - 🏆 306. / 63 Read more »

United States national parks offer free entry Saturday for National Public Lands DayThe free day is in celebration of National Public Lands Day.
Source: CBSNewYork - 🏆 268. / 63 Read more »

Resolutions in Congress Seek to Condemn Far Right Book Bans Across USA pair of resolutions in Congress seek to condemn efforts across the country to ban children from accessing books that right-wing parents or community members have improperly deemed to contain objectionable material.
Source: truthout - 🏆 69. / 68 Read more »

PolitiFact - No, banks are not being forced to hand over physical currency to the governmentThe Federal Reserve is piloting an instant payment protocol, called the FedNow Service. The program will not require banks to turn over all physical currency.
Source: PolitiFact - 🏆 17. / 71 Read more »