Brainard says Fed assessing opportunities and challenges in digital FX

Author: Adam Button | Category: Cryptocurrency

Comments from Brainard at at fintech event

  • Fed not decided it it will considering issuing digital currency
  • Fed collaborating with MIT on hypothetical digital FX
  • Need significant process to consider digital FX issue
The temptation of a digital currency is going to prove extremely strong in the long-term because it will provide so much data and the possibility to tax or use negative rates.

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