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Janet Yellen says a US digital dollar will take years, ‘not months,’ to develop
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fnlondon.comWASHINGTON — US Treasury Secretary Janet Yellen said the design and development of a digital dollar would likely take years if the US chose to create one, while outlining the various questions the Biden administration is weighing as it considers ways to make payments faster in the US.
As part of President Biden’s executive order on cryptocurrency, the administration is studying the possibility of issuing a central-bank digital currency, following up on efforts at the Federal Reserve. Other countries including China have created...
Read more on fnlondon.comAbout this in other media
Ex-Chinese Central Bank Chief Says Digital Yuan Not Intended for International Trade cryptonews.com /2 years ago
Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This wsj.com /2 years ago
Janet Yellen Faces Challenge to Keep Pressure on Russia, While Addressing Global Consequences wsj.com /2 years ago
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