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In the US, thinking about creating a digital dollar
24.02.2021 [02:15],
Vladimir Mironenko

The Federal Reserve System (FRS) is studying the creation of the electronic dollar, the head of the US Federal Reserve System Jerome Hayden Powell said on Tuesday at a hearing at the US Senate Banking Committee.

“We are very carefully studying the question of whether to introduce the electronic dollar. This is the question that the world’s central banks are looking at… There are significant technical and regulatory issues in connection with how to do this, «RIA Novosti quoted the official as saying.

Powell assures banking committee members that the Fed will consult with the general public on the advisability of introducing the electronic dollar.

“I would also say that we are the world’s reserve currency and we have a responsibility to do it right. We don’t have to be first, we have to do it right. But this is what we invest time and labor in, «he said.

Describing the project as «high priority», Jerome Powell emphasized the need to avoid negative consequences for the banking system that could take money out of it in the process of creating a digital currency.

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