US Fed bank chairman says US is analyzing costs and benefits of launching its own cryptocurrency

posted 6 months ago
United States Federal Reserve Chairman Jerome Powell told Congress today that the Federal Reserve is exploring whether it makes sense to issue its own digital currency that could be used by households and businesses.

The Fed bank chairman went on to say “While we are not currently developing a central bank digital currency, we have assessed and we continue to carefully analyze the costs and benefits of pursuing such an initiative in the U.S.”
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