Minneapolis Fed president Kashkari weighs in on CBDC: ‘Handwaving word salad’ By Cointelegraph
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President of the Minneapolis Federal Reserve Bank, Neel Kashkari, participated in a fireside chat at the Minnesota Transportation Conference and Expo on May 15. While he spoke mostly about topics unrelated to cryptocurrency and blockchain, he gave a blunt assessment of central bank digital currencies (CBDCs) during the Q&A after his presentation.
“We’re studying it,” Kashkari said of CBDCs, adding that the Fed believes it would take an act of Congress to allow it to issue its own digital currency:
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President of the Minneapolis Federal Reserve Bank, Neel Kashkari, participated in a fireside chat at the Minnesota Transportation Conference and Expo on May 15. While he spoke mostly about topics unrelated to cryptocurrency and blockchain, he gave a blunt assessment of central bank digital currencies (CBDCs) during the Q&A after his presentation.
“We’re studying it,” Kashkari said of CBDCs, adding that the Fed believes it would take an act of Congress to allow it to issue its own digital currency:
Continue Reading on Coin Telegraph
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