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Podcast: Hotep Jesus
Episode: Federal Reserve Eyes Crypto, JP Morgan Explores Digital Tokens, Nigeria CBDC Woes - The Grift Report
Description: Federal Reserve Vice Chairman Michael S. Barr said Friday the Fed is "a long way" from a decision on whether it would issue a central bank digital currency, or CBDC, though it has taken steps to supervise the risks of other innovations.
"The Federal Reserve has made no decision on issuing a CBDC and would only proceed with the issuance of a CBDC with clear support from the executive branch and authorizing legislation from Congress," Mr. Barr said Friday at the Federal Reserve Bank of Philadelphia's Seventh Annual Fintech Conference (pionline.com).
Expect this and more on The Grift Report...