======The future of digital currency is here======
This report examines the implications of digital currencies, particularly central bank digital currencies (CBDCs), for revenue agencies.\\ 
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 (Generated with the help of GPT-4) \\ 
  

^  Quick Facts  ^^
|Report location:  |[[https://www.accenture.com/us-en/insights/us-federal-government/future-digital-currency|source]]   |
|Language:  |English  |
|Publisher:  |[[encyclopedia:accenture|Accenture]]  |
|Publication date:  |April 16, 2021  |
|Authors:  |Adam Siegel, Alejandro Lira Volpi, David Regan, Liam Glennon  |
|Geographic focus:  |Global, United States   |
|Page count:  |12  |

=====Methods=====
The research method involved analyzing speeches, reports, and data from central banks, financial institutions, and technology companies. It also included case studies and projections about the future of digital currencies and their adoption by various entities.\\ 
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 (Generated with the help of GPT-4) \\

=====Key Insights=====
The report explores the transformation of money into digital forms, focusing on central bank digital currencies (CBDCs) and their potential impact on revenue agencies. It discusses the acceleration of digital currency adoption due to technological shifts, changing consumer habits, and legislative pressures. The paper highlights the need for revenue agencies to prepare for CBDCs by understanding digital assets, engaging in decision-making processes, and assessing the impact on their operations. It also considers the design characteristics of a digital dollar and the role of revenue agencies in tax administration for digital currencies. Additionally, the report addresses the emergence of other digital currencies like stablecoins and consortium currencies, and the need for agencies to plan for their integration into the financial ecosystem.\\ 
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 (Generated with the help of GPT-4) \\ 


=====Additional Viewpoints=====
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<span #categories_box> Categories:  {{tag>2021_publication_year}} |  {{tag>English_publication_language}} |  {{tag>Global_geographic_scope}} |  {{tag>United_States_geographic_scope}} |  {{tag>artificial_intelligence}} |  {{tag>blockchain}} |  {{tag>cbdc}} |  {{tag>cbdcs}} |  {{tag>cryptocurrency}} |  {{tag>digital_assets}} |  {{tag>digital_currencies}} |  {{tag>financial_systems}} |  {{tag>global_geographic_scope}} |  {{tag>legal_tender}} |  {{tag>monetary_policy}} |  {{tag>payment_platforms}} |  {{tag>payments}} |  {{tag>revenue_agencies}} |  {{tag>tax_administration}} |  {{tag>technology}} |  {{tag>technology_adoption}} |  {{tag>value}}   </span>  


~~DISCUSSION~~
======The future of digital currency is here======

^  Quick Facts  ^^
| Report location:  |[[https://www.accenture.com/us-en/insights/us-federal-government/future-digital-currency| source]]  |
| Language:  | English   |
| Publisher:  |[[encyclopedia:accenture|Accenture]]  |
| Publication date:  |April 16, 2021  |
| Authors:  |David Regan, Alejandro Lira Volpi, Adam Siegel, Liam Glennon  |
| Geographic focus:  |global   |
| Page count:  |12  |

=====Methods=====



=====Key Insights=====



=====Additional Viewpoints=====
<!-- Insert instructions for additional viewpoints -->

<span #categories_box> Categories:  {{tag>2021_publication_year}} |  {{tag>English_publication_language}} |  {{tag>artificial_intelligence}} |  {{tag>blockchain}} |  {{tag>cbdc}} |  {{tag>cryptocurrency}} |  {{tag>global_geographic_scope}} |  {{tag>payments}} |  {{tag>technology}} |  {{tag>value}}   </span>  


~~DISCUSSION~~