Chairman of the US Federal Reserve System by Jerome Powell said that the Office examines the prospects for the launch of the digital dollar, but not yet determined the explicit advantages of its use.
According to him, while this is not a priority issue, since in the US there is a fairly high demand for cash and there is a lot of competitive payment systems. In addition, the release of CBDC raises a number of issues related to legislation, monetary policies, regulation and operation (confidentiality, safety, accounting, emission volume).
As a result, Jerome Powell pointed out that the Fed still did not reveal the potential economic benefits from using a digital dollar.
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