Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Cryptocurrency

US Federal Reserve considers introducing own cryptocurrency

by capitalizefinancial
May 24, 2021
in Cryptocurrency
0
US Federal Reserve considers introducing own cryptocurrency

The US Federal Reserve and the Treasury Department are turning up the heat on cryptocurrency, signalling a crackdown could be coming after several days of volatility in the sector.

US Federal chair Jerome Powell said in a rare video message that cryptocurrencies, which have grown to have a market cap of nearly $US2 trillion ($A2.6 trillion), pose some risks to both individual investors and the broader financial system.

Mr Powell also noted that the Federal Reserve is exploring how and whether cryptocurrencies could improve the current US financial system.

He said the Federal Reserve has been exploring whether it should establish cryptocurrency of its own, called a central bank digital currency, or CBDC.

He said the central bank will publish a discussion paper this summer on the benefits and risks of establishing a CBDC, and will seek public comment.

“We think it is important that any potential CBDC could serve as a complement to, and not a replacement of, cash and current private-sector digital forms of the dollar, such as deposits at commercial banks,” Mr Powell added.

He also distinguished between volatile cryptocurrencies and so-called stablecoins, which are tied to the value of other currencies such as the US dollar.

CONTINUE

Previous Post

Crypto Markets Are Volatile Because They’re Free

Next Post

Jean Paul Gaultier teases ‘the end of an era’

Next Post
Jean Paul Gaultier teases ‘the end of an era’

Jean Paul Gaultier teases 'the end of an era'

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Fear The Walking Dead Proves The Problem With Negan’s Redemption

Biden offers logistics support to ease formula shortage

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved