Jerome Powell, the chairman of the FEDERAL reserve, the Us Central Bank. He was speaking at a forum in Switzerland, the forum is made possible in part by the Swiss Institute of International Studies.
He has received a number of questions in relation to digital currencies, central banks, and on Facebook pages stablecoin of Balance.
Nice, but we don’t do anything with it
Powell was given to the question of whether central banks are chances of missing out if they don’t have a digital currency will develop. Powell says that the us Federal Reserve, the developments in digital currencies, as it unfolds, but the central bank doesn’t in order to make your own design.
Highlight: “We are following the whole question of digital currencies,” says Fed Chair, and Jerome Powell. “It’s not something that we are actively considering. For us, it raises significant issues that we would want to see resolved.”https://t.co/xpAujlCWBd pic.twitter.com/n5M5XDU5AZ
— Yahoo Finance (@YahooFinance) – September 6, 2019
Consumers have plenty of choice
Powell said that, if you’re thinking about a digital currency of the United States of america, to develop it, I need to be. He adds that this is one thing that is for bills to be counterfeit, but it is of even higher order as the cryptocurrency have been hacked and a bogus can be can be.
He supports this by saying that there is hardly any demand for the digital currency, and that the consumers already have enough payment options to have.
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Libra is not a sprint
Also, he was in on the cryptocurrency on Facebook and the sign Libra. Due to the size of the gebruiksaantallen on Facebook, this stablecoin quickly and systematically is important. Powell warned, however, that the Balance at the highest legal and toezichtverwachtingen, it would have to be kept in mind. The road to implementation, it should, therefore, not a sprint, it.