Odaily Planet Daily News Atul Bhatia, an analyst at Royal Bank of Canada, said that the Federal Reserve may take a gradual approach to developing CBDC, integrating new technologies and existing payment structures, without taking risks to promote the transformation of payment infrastructure. Bhatia said: “While there is a lot of hype around CBDC, we see a series of security, privacy and governance issues that we believe outweigh the theoretical benefits. Commercial banks and cash will remain the core of the U.S. financial architecture for the foreseeable future. core."