Fed USA does not see the meaning in the development of a digital dollar

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.

Answering on

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.

For the development of the canal, your support is important to us, subscribe to the channel and put the huskies.