Crypto Raises Questions For Central Banks
The banksters know their time is short and reign is setting like the sun at dusk, they will try to utilize very method but will not be able to stop what is coming so eventually they will try and regulate and sell you and hold what you can easily obtain on your own but eventually, their extinction will dawn.
John Williams – the president and CEO of the Federal Reserve Bank of New York – reacted to the recent presentation of the former Bank of England governor Mark Carney who urged central banks to examine digital assets.
The top executive believes that central banks and the Federal Reserve, in particular, should not leave unanswered questions about blockchain technology and its regulation if they are willing to issue their own CBDCs:
“Before central banks like the Federal Reserve can issue their own CBDC, several major questions pertaining to blockchain technology and regulation need to be addressed.”
Williams asserted that digital assets should be implemented successfully in the financial world alongside physical cash. Countries’ officials must work towards that goal and adjust the proper regulations.
The 59-year-old economist John Williams is the 11th president of the Federal Reserve Bank of New York. Previously, he had the same role but on the West Coast as he was in charge of the Federal Reserve Bank of San Fransisco from 2011 to 2018. Moreover, Williams is currently serving as vice-chairman of the Federal Open Market Committee.