In the speech hosted by the Bank of International Settlements (BIS), Fed Chairman Jerome Powell spoke with other central bank governors.
Making statements in a speech hosted by the Bank of International Settlements (BIS) on March 23, FED Chairman Powell made a statement about the current laws in the financial sector. that they created cryptocurrencies without thinking and keep the digital dollar under surveillance available for changes in laws and regulations said it should.
Fed in January 2022 In case of issuing a US digital currency possible you start to examine the benefits and riskshad announced. Currently, Fed officials are said to be divided on the issue.
In his statements, Powell said that they were only at the beginning of their research and whether a pilot version of the digital dollar will be released indicated that they were undecided.
Such products are always thinks it will adversely affect financial stability. Stating that, Powell said that if a possible digital dollar is issued, it will be different from private cryptocurrencies such as Bitcoin and “It will be issued by the state and supervised by the state.” said.
Powell’s speech interest rates and economic outlook. No relevant statement was made.