Powell Says Federal Reserve Is Considering Proprietary Cryptocurrency

Are cryptocurrencies like bitcoin about to surge into the mainstream, as so many proponents are hoping?

One sign they might be was provided on Monday by Federal Reserve chairman Jerome Powell. During a panel on cryptocurrencies and international payments sponsored by the International Monetary Fund, Powell said that the Fed is researching the viability of creating and maintaining its own central bank digital currency (CBDC).

Image source: Getty Images.

Continue reading

Source Fool.com