Member
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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.
— andre.btc (@andrerserrano) September 6, 2019
Main drawbacks: concerns about cyber security, no clear demand, citizens moving money out of banks
Added at 1:15pm
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) September 6, 2019
- Libra could be systemically important, but would have to be held to the highest regulatory standards