Saturday, June 22, 2024

Fed and Treasury on CBDC

By DAC000 , in CBDC Cryptocurrency Digital Yuan , at February 25, 2021 Tags: , ,

Forbes suggests Janet Yellen, Secretary of The Treasury, and Fed Chair Jerome Powell, could work together on a Central Bank Digital Currency. About a two minute read.

Comment: The US is lagging far, far behind China, who is presently engaged in their third, large scale trial of a Digital Yuan. It also lags most other G7 nations, who are far beyond the talking stage and actually building the infrastructure and preparing pilots. This shows how powerful America’s banks are; determined keep their hands on the prize, they are willing to resist adoption every step of the way.