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Learning & News => News related to Crypto => Topic started by: sirty143 on February 15, 2024, 08:11:41 AM

Title: Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
Post by: sirty143 on February 15, 2024, 08:11:41 AM

Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed... See more for yourself here (https://news.bitcoin.com/fed-chair-powell-briefs-lawmakers-on-us-central-bank-digital-currency-progress/).

Your opinion is greatly appreciated.

Title: Re: Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
Post by: Z-tight on February 15, 2024, 05:12:38 PM

Cbdc's are going to be very popular around the world in a few years, cbdc's are not too different from fiat, but it will give more control to the government and zero privacy for citizens who are going to use it. Many governments are going to be in a rush to launch this, it makes it easier for them to monitor how their citizens spend money and on what. I don't recommend cbdc, if i want to use any digital currency, it is going to be a decentralized currency like BTC that is permissionless and censorship resistant.