Q&A: The digital dollar — how would it work, what would it do?

Over the past month, various world governments have stepped up efforts to create their own national digital currencies. The efforts are in response to the growing popularity of private sector decentralized digital currencies, such as Bicoin, that exist without the backing of a central bank or commercial banks.In recent weeks, US President Joe Biden has issued an executive order to investigate how to regulate  cryptocurrencies and speed up research into creating a digital dollar that w