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

https://twitter.com/disclosetv/status/1395441828430745602

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

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

4 views