Fed Chair Jay Powell: ‘Libra Lit a Fire,’ All Eyes on Central Bank Digital Currencies

Chairman Jay Powell is crediting Facebook’s proposed currency Libra for prompting the Federal Reserve to take a closer look at digital assets. Speaking before the U.S. House Financial Services Committee, Powell confirms that central banks around the world are exploring the possibility of creating digital versions of fiat currencies. “Every major central bank is currently […]The post Fed Chair Jay Powell: ‘Libra Lit a Fire,’ All Eyes on Central Bank Digital Currencies appeared first on The Daily Hodl.