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Learning & News => News related to Crypto => Topic started by: Magepai on June 25, 2022, 02:41:04 AM

Title: Powell: Congress to Receive Guidance from Federal Reserve on CBDC
Post by: Magepai on June 25, 2022, 02:41:04 AM

Federal Reserve Chair Jerome Powell said a digital currency issued by the U.S. Central Bank is ‘a very important potential financial innovation.’For years, officials have mulled over the idea of a digital currency backed by the U.S. government and weighing its potential risks and benefits. The implementation of a ‘digital dollar’ could have a seismic impact on the crypto landscape and expose the wider population to the experience of conducting financial transactions using digital currencies.

“It's a very important potential financial innovation that will affect all Americans,” Powell said at the meeting. “Our plan is to work on both the policy side and the technological side in coming years and come to Congress with a recommendation at some point.more (https://decrypt.co/103772/powell-congress-to-receive-guidance-from-federal-reserve-on-cbdc)