The dollar digital white paper is now available
The United States is not lagging behind China with technology. On May 28, the digital dollar whitepaper was published by the Digital dollar Project Commodity Futures Trading Commission and Accenture. It presents a large set of digital dollar use cases - for example, a colossal corridor of money transfers between
United States and Mexico. Initially, the digital dollar will be tested by the so-called pilots who will be able to catch potential errors and make any corrections. The digital dollar will be distributed within the existing two-tier architecture of commercial banks and regulated brokers. One of the founders of the Gorfine project explained the proposed structure of the Digital Dollar Project as part of the direction for decentralization. The final fourth amendment to the draft White Paper states that the digital dollar will operate within the already existing regulatory framework of the KYC and AML.