Gold News Fed Chair: 80% of global central banks considering digital currencies

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Gold Information Fed Chair: 80% of world central banks contemplating digital currencies

At a panel hosed by the Worldwide Financial Fund earlier this week, Federal Reserve Chair Jerome Powell stated that 80% of central banks all over the world are exploring the thought of issuing central financial institution digital forex (CBDC), though the U.S. Fed has not decided to observe swimsuit presently.

Powell’s assertion echoes a analysis report launched by the Financial institution for Worldwide Settlements (BIS) in January which acknowledged that at the moment 80% of central banks are engaged in growing in CBDC, up from 70% final yr.

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