Worldwide newsMarch 23, 2022Chairman of the US Federal Reserve: Digital currency must ensure privacy

According to Bloomberg, Federal Reserve System Chairman Jerome Powell stated that ensuring user privacy is critical for a potential central bank digital currency in the United States. Powell stated during a virtual panel discussion hosted by the Bank for International Settlements Innovation Summit that a digital currency system must also be capable of verifying an individual’s identity in the same way that US bank accounts do to prevent money laundering. Continue reading on Bloomberg here.