Powell: Digital currency is not something we're actively considering

Powell: Digital currency is not something we're actively considering

POWELL: We’re following digital currencies very closely, but its not something were actively considering.

Main drawbacks: concerns about cyber security, no clear demand, citizens moving money out of banks
— andre.btc (@andrerserrano) September 6, 2019

Added at 12:15pm

Fed Chair Powell:

- Libra could be systemically important, but would have to be held to the highest regulatory standards
— DailyFX Team Live (@DailyFXTeam) September 6, 2019

Comments / Top
Subscribe

Sep 6, 2019 12:37pm — Edited

Those bankers are not crazy!
They realise the danger!
It doesn't matter what crypto is, it doesn't matter how it function, it doesn't even matter if is good or wrong !
THE ONLY THING THAT MATTERS IS THAT CRYPTO IS BIGGER AND BIGGER !!!
80% of the planet people are poor, uneducated and stupid and nothing can stop them to build a paralell financial universe. The hate agaist the rich and against the powerful is enough for them! And the blockchain is impenetrable! A paralell impenetrable financial world is even stronger than religion, momoz!
... wake up idiots! Or you wake up in a Apocalyptic Depression!

vanillaice

Sep 6, 2019 4:14pm

Permalink

Yeah, what a shame if people move money out of banks...

Story Stats

Sep 6, 2019 12:15pm
Posted by
Newsstand

Low Impact Breaking

2

946