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Learning & News => News related to Crypto => Topic started by: waybesuricata on May 24, 2021, 08:24:15 PM

Title: Federal Reserve Governor Pushes for Central Bank Digital Currency
Post by: waybesuricata on May 24, 2021, 08:24:15 PM

After Federal Reserve Chairman Jerome Powell stated that the central bank was in no rush to issue a central bank digital currency (CBDC), Fed Governor Lael Brainard says they are in fact stepping up research into a CBDC.

Governor of the Federal Reserve Brainard has begun to press harder for a digital dollar after chairman Jerome Powell stated the Fed was in no rush to roll out a CBDC.  In a speech on Monday, Brainard said that a central bank-backed cryptocurrency could provide numerous benefits to all parties involved.
 
Source and continuation of the article: https://beincrypto.com/federal-reserve-governor-pushes-for-cbdc/

Title: Re: Federal Reserve Governor Pushes for Central Bank Digital Currency
Post by: TomPluz on May 26, 2021, 04:46:33 PM

I am sure they realized that China has already made a lot of breakthroughs with CBDC and is poised to take the lead on this aspect which can push further China's ambition to be the top economy in the entire planet, pushing the interests of America aside and possibly making USA a laughingstock in the entire world. In case the USA will not be careful, leadership in many things will be bestowed to China and this country will just be a second-rate.