“We are looking very carefully at the question of whether we should issue a
digital dollar,” said Federal Reserve chairman Jerome Powell in testimony before
the Senate banking committee. “We are the world’s reserve currency and we have a
responsibility to get this right.”
As digital currency moves from the outer edge of crypto to a future replacement
for fiat cash, governments have had to consider a complicated range of risks and
benefits in issuing central bank digital currencies (CBDCs)...