US and Europe Financial Leaders Signal Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell has just gave a zoom conference with two of his European counterparts that there is the possibility of Central Bank Digital Currencies. Jerome Powell talked about a possible move to Central Bank Digital Currencies. He said this would be slow but transparent process which would require specific authorization from Congress.

This seems to signal that although it may take years there will be stablecoin versions of current major currencies.

SOURCES – Federal Reserve, CNBC
Written By Brian Wang,