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At a panel hosed by the International Monetary Fund previously today, Federal Get Chair Jerome Powell stated that 80% of central banks all over the world are checking out the concept of providing central bank electronic currency (CBDC), although the UNITED STATE Fed has not decided to do the same currently.
Powell's declaration echoes a research study report launched by the Bank for International Settlements (BIS) in January which specified that presently 80% of central banks are taken part in developing in CBDC, up from 70% in 2014.
0:00 – Reserve banks issuing digital currencies
3:47 – Hazard to gold?
4:27 – Gold confiscation
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Fed Chair: 80% of global central banks considering digital currencies
At a panel hosed by the International Monetary Fund earlier this week, Federal Reserve Chair Jerome Powell said that 80% of central banks around the world are exploring the idea of issuing central bank digital currency (CBDC), although the U.S. Fed has not made a decision to follow suit at this time.
Powell’s statement echoes a research report released by the Bank for International Settlements (BIS) in January which stated that currently 80% of central banks are engaged in developing in CBDC, up from 70% last year.
0:00 - Central banks issuing digital currencies
3:47 - Threat to gold?
4:27 - Gold confiscation
__________________________________________________________________
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