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Powell reveals Federal digital currency undercut cryptocurrency requirements

Jerome Powell reveals Federal digital currency undercut cryptocurrency requirements

Federal Reserve Chair Jerome Powell said the main and strong argument for the central bank of the U.S. to set up an effective digital currency is it could undercut the requirements for the private alternatives in particular crypto currencies and also stable coins.

A digital currency issued from the Federal would be more practical alternative than several crypto currencies or stablecoins recently emerged in the payment system. A stablecoin is a well-known cryptocurrency read more