US Congress Taking Revolutionary Steps Towards A Central Bank Digital Currency (Analysis)
The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar?
Related: Video Analysis of this development
Fed Chairman Jerome Powell reiterated yesterday that the Fed is in the process of evaluating the issue of a central bank digital currency (CBDC) and that it will release a whitepaper on digital currencies “soon.” He had previously announced the whitepaper in July, saying its goal was to begin a major public conversation and lay out the potential benefits and also the potential risks of a CBDC.