🦅 The Fed wants no part of a national cryptocurrency
Recent positioning by the Federal Reserve seems staunchly against development of a national cryptocurrency. St. Louis Fed's Aleksander Berentsen and Fabian Schar see the characteristics of cryptocurrencies as antagonistic to the goals of central banking. Federal Reserve Board governor Lael Brainard, furthermore, argued electronic money already exists with enough reliability and speed to dismiss development of any 'Fedcoin.'
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.