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Further Discussions => Banks & Cryptos => Topic started by: Tanimariya on March 19, 2021, 11:15:05 AM

Title: Federal Reserve’s Powell Says CBDCs ‘Need to Coexist With Cash
Post by: Tanimariya on March 19, 2021, 11:15:05 AM

The Fed chairman spoke at a virtual payments conference hosted by the Basel Committee on Banking Supervision.
Federal Reserve Chair Jerome Powell said Thursday central bank digital currencies (CBDCs) will need to coexist with cash.

Speaking at a virtual payments conference hosted by the Basel Committee on Banking Supervision, Powell cited a report on CBDCs from the Bank for International Settlements and a group of seven central banks, including the Fed.
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 (https://www.coindesk.com/federal-reserves-powell-cbdc-coexist-cash)