Digital Dollar Exploration Gets Backing From Treasury Secretary Yellen
U.S. Treasury Secretary Janet Yellen said at a virtual conference held Monday (Feb. 22) by the New York Times that central banks should examine creating and issuing sovereign digital currencies.
As quoted in the Times, Yellen said that a digital dollar, overseen by the Federal Reserve, tied to the blockchain, could result in “faster, safer and cheaper payments,” according to the discussion, as quoted by the newspaper.
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