RE: Fed Exploring Digital Dollar’s Effect On Monetary System

Nothing good comes from the Federal Reserve…


“The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose.

Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill Fosters’ request on whether the Federal Reserve plans to launch a national digital currency, financial services reporter Zachary Warmbrodt tweeted on Nov. 20.

In the letter, Powell set forth the Federal Reserve’s views on the creation of a CBDC, emphasizing that, although the agency is not currently developing a CBDC, it has assessed and continues to evaluate the costs and benefits of such an initiative.

Powell revealed that the agency is conducting its own small-scale, research-focused experiments to gain hands-on experience and better understand the opportunities and limitations of CBDCs.”

Hodler Master Asked on November 20, 2019 in Cryptocurrency.
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2 Answers

The fedsters can keep their digital currency, the peoplehave theirs – BITCOIN!

Master Answered on November 21, 2019.
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