02/06/2020
The US Federal Reserve announced the study of the possibility of issuing a digital dollar.π»π‘
According to Lael Brainard, the Fed "conducts research and experiments related to distributed ledger technologies and their potential use for , including the potential of state cryptocurrency."π₯
The global value of the US dollar implies that the US Federal Reserve should βremain at the forefront of and regulatory developmentβ for digital currencies, she added. But the Fed must assess whether the will make payments safer and reduce operating costs, and whether it carries new risks to the .π
US authorities will work with the private sector to determine βwhether new security measures should be introduced, revised existing regulatory rules, and whether state cryptocurrency will have financial sense,β she said.π£
More and more central banks are considering issuing their own cryptocurrency. This week it became known that in mid-April, the leaders of the six central banks, as well as the Bank for International Settlements (BiS) will hold a meeting in to discuss the possibility of creating their own digital currencies.π