Fed Reserve Chair Powell: Cryptocurrencies Not Convenient for Payment Due to Swings in Value, Central Bank CryptoCurrency May Be Coming

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The Fed this summer will take another step ahead in developing a digital currency

The Federal Reserve will release a research paper this summer that explores a move to a central bank digital currency.

The moves of multiple countries, most prominently China, in the central bank digital currency space has intensified talk about how aggressively the Fed should move.

h/t dr0id

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