Fed Has No Official Decision On The Issuance Of Digital Currencies

On July 15, the US Federal Reserve Bank President (Fed) Jerome Powell said there was no official decision on the benefits and expenses of the release of the FED's parameter (CBDC ) .0: 00/1: 10 South Domestic Money Bitcoin. Photo: AFP / VNA at the CBDC hearing before the US Senate Banking Committee, Powell said that the Fed's responsibility was to study technology and policy issuance in the coming years. According to Leaders of Fed, this is the fact that this bank needs to do to get ready to provide instructions when needed. In order to be able to issue CBDC, FED will need extensive support in society in general and the US Congress in particular

. Mr. Powell also emphasized the role of studying the necessary legal factors before issuing money. Powell's speech was given when the Fed intends to get written comments on benefits and risks of the issuance of CBDC this summer Many large banks are testing or are studying the release of currency. Before that, Fed is trying to develop its own digital currency this summer. Although the US central bank does not offer any specific plan for monetary, President Jerome Powell has recorded the progress of payment technology and said Fed has "carefully monitored and adaptive". With those innovations.

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