Translated by: MOS Buddhism Team – Accelerator

On Jan 13th, The Daily Hodl reported that Jerome Powell, U.S. Federal Reserve chair, recently said Fed would release a full report on digital currencies in the forthcoming weeks.

It was learned that this report was supposed to be issued last September, focusing on an exploration of the feasibility of issuing a central bank digital currency as a viable alternative to using cryptocurrencies and stable coins in the payments system. Although this report was postponed several times thereafter, it has been completely prepared for now.

Powell also pointed out that the report was more an exercise in asking questions and seeking input from the public than taking a lot of positions on various issues, whereas its issuance would change the current monetary policy and other things going on.


Edited by: Hetangyuese
Proofread by: Hetangyuese
Posted by: Hetangyuese

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