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Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might
Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar. In testimony before Congress this week, Powell was asked whether the Fed had any “visibility” into China’s progress developing a central bank digital currency (CBDC). “Yes, we certainly have that,” Powell said. “But they’re in a completely different institutional context. For example, the idea of having a ledger where you know everybody’s payments, that’s not something that would be particularly attractive in the ... (full story)
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- Feb 13, 2020 2:36am Feb 13, 2020 2:36am
- TudorIoan
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- TudorIoan
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- TudorIoan
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