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US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

by CBDC Insider Staff
June 22, 2020
in Business
Reading Time: 1min read
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US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies
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Federal Reserve Chairman Jerome Powell, speaking before the House Financial Services Committee, said the idea of a digital dollar – referring to a blockchain-based version of the current world reserve currency in response to a line of questioning from Rep. Tom Emmer (R-Minn.) – is complex, and one that the Fed takes seriously, but also that the idea needs to be studied further before one can be created and implemented.

Continue read: https://ncfacanada.org/us-fed-chair-says-private-entities-should-not-help-design-central-bank-digital-currencies/

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