Saturday, June 22, 2024

The Fed’s CBDC

By DAC000 , in CBDC , at January 22, 2022 Tags:

Multiple sources are reporting The US Federal Reserve has sent it’s clearest signal to date they’re planning to launch a Central Bank Digital Currency (CDBC). About a one minute read.

Comment: Wish I could say this was a bold and innovative move, but truth is The US is playing catch up here. China is the clear leader and as The Fed scrambles there is always the chance of an accident. This will be interesting to watch. Oh and those speculating Bitcoin will go to zero in response? Not a chance. A move like this legitimises the cryptocurrency.