Fed’s Powell Says Central Bank Digital Currencies Have “Substantial Issues”
Crypto enthusiasts expecting the Federal Reserve to issue its own token might have a wait ahead. During a forum organized by the Swiss Institute of International Studies, Fed chief Jerome Powell said consumers were not “clamoring” for central bank-backed digital currencies (CBDC). “For us, (CBDC) raises substantial issues that we want to see resolved,” he said and pointed out a couple of problems with them. … Continue reading Fed’s Powell Says Central Bank Digital Currencies Have “Substantial Issues”
