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.
FNL content including, but not limited to, articles, podcasts, videos, live streams, and websites are intended for informational purposes and should NOT be considered financial, investment, nor trading advice. Cryptocurrency, futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. https://futuresnetworks.live/risk_disclaimer