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Federal Reserve Sends Cease-and-Desist Over 'FedNow' Merchandise
The United States Federal Reserve issues a cease-and-desist letter to Bitcoin Magazine, alleging trademark violations over the use of "FedNow" on commodities. Bitcoin Magazine claims it's a satire and political criticism, invoking the "all-seeing eye" symbol.A Federal Reserve payment system, FedNow, has faced criticism for potential privacy concerns and as a precursor to a central bank digital currency, a notion the Federal Reserve denies.
