US Congressman Challenges Fed Chair on Threat of China’s Digital Currency

US Congressman Challenges Fed Chair on Threat of China’s Digital Currency
фото показано с : cointelegraph.com

2020-2-12 02:36

Congressman tells Federal Reserve Chair that the U.S. is at the tipping point of issuing its central digital currency

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The previous occupant of fdic chair states “bank dominated payments system” could lead to severely negative consequences regarding cbdc

So they pull their uninsured money out of the banking system, disrupting the free flow of payments. […] However, suppose consumers could convert their bank deposits into a digital currency that would be issued and backed by the Fed? When it wants to raise rates — as it is doing now — it reduces its

2018-6-13 07:25