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Fear and Doubt and CBDC

Updated: Jul 28, 2021

Today, 6/30/21; in a rare public announcement the Federal Reserve Chair Jerome H. Powell outlined the Federal Reserves response to Crypto ; referring to "the technological innovations now transforming the world of payments, finance, and banking. " Wow, is that a word salad or what? But then how bout Central Bank Digital Currency. Why not just say Govt Crypto?

Not often is Crypto mentioned by the any Central Bank Authority in such a kind way. It seemed to be a bow to the efficacy of payments such as Dash and Stryke. They still want to keep their finger in the pie as they are "collaborating " internationally in groups such as the Bank for International Settlements CBDC coalition.


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