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 ‘Working Proactively’ To Issue Its Own Digital Dollar — Could It Topple Bitcoin and Other Cryptocurrencies?

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.

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