Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own By Cointelegraph

Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own

Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment.

Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release their own digital currency in the near future. Powell added that cryptocurrencies raise a range of concerns including cyber security issues:

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