"In accordance with Arabic, the Federal Reserve Chairman Jerome Powell said in a video message: The goal is to collect public comments and make the United States play a leading role in the development of international standards.
Powell said: "To help stimulate a large-scale conversation, the Federal Reserve issued a discussion paper this summer determines our current thinking about digital payments, with particular emphasis on benefits and risks Related to digital central banks in the context of the United States.
As part of this process, the Fed asked the US general comment on issues related to payments, financial inclusion, data privacy, and information security.
The declaration takes the concept of a small dollar from a small research project to something that is likely to be greater. The Fed aims to explore how the digital currencies can be compatible for the central bank or currencies Digital central banks in the US banking system.
At the same time, the Fed is likely to be trying to accelerate the work towards a potential American digital currency as other countries, especially China, are steady at this goal .
China, China announced that two specific users can spend the digital yuan granted in a lottery experience.
To this end, Powell stressed that while the United States did not reach any conclusions on the Digital Dollar, the United States is expected to play a leading role in developing international standards for currencies Digital central banks, according to the Arabic portal of Technical News.
Relats a large part of the regulatory problem on taxes.
