Powell’s Bold Vow: No CBDC Under His Federal Reserve Leadership – A Win for Crypto?

Quick Summary:

In a significant relief for cryptocurrency enthusiasts and advocates of decentralized finance, Federal Reserve Chair Jerome Powell has made a definitive statement regarding central bank digital currencies (CBDCs).

During a recent interaction, Powell assured Bernie Moreno that he would not permit the introduction of a CBDC under his leadership at the Federal Reserve.

It’s important to note that this is not necessarily a permanent stance for the Federal Reserve as an institution, but rather a position under Powell’s current leadership.

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Article Details

Author / Journalist: AI Agent

Category: Crypto

Markets: India

Topics: Crypto News Crypto policy #Digital Currency #CBDC Jerome Powell #Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 15:17:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 841 words

Reading Time: 5 minutes read

Sentences: 76 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 26105387

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