certify
Home arrow Article arrow Article Detail

Chairman of Federal Reserve had a meeting with Coinbase CEO in may

Profile Image

Shivangi Mujumdar Follow

INDIA

Jul, 05 2021

Jul, 05 2021

likes | comments 0

Article Image

The Federal Reserve Chairman Jerome Powell had a meeting with cryptocurrency exchange operator Coinbase Global Inc's chief executive. The meeting surely has been quiet with a purpose in May as before this which announcement was made for a white paper examination. On July 2, this meeting’s record showed that the meeting was personally attended by Paul Ryan who is a former U.S. House of Representatives Speaker. 


As per the records that are now open, the meeting that took place with Coinbase CEO Brian Armstrong which was publicly made. On May 20 after quite sometime Powell said the Fed would release a discussion paper this summer "outlining our current thinking on digital payments, with a particular focus on the benefits and risks associated" with establishing a central bank digital currency. 


Now due to this, policymakers are all ramping to explored more of the digital dollar potentiality. The Boston fed has also come up with a plan to conduct a multiyear research project. This was to be done along with Massachusetts Institute of Technology. There is a scope of this project to come up with a central banking digital currency. 


The initial phase of such findings will be not yet displayed but soon shall be released in this quartersFurther the policymakers are also hoping to find out the central bank digital currency perks and drawbacks.


It is not just Powell but also other officials who have clearly stated that official proceedings cannot be done if there is congressional action not taken. This certainly has come up with strong scepticism from the officials who state that certain perks of digital currency are available through other means too. 

After the record has been out, investors acorns the glove are now waiting what possible change it can bring 


likes | comments 0

Profile Image

Shivangi Mujumdar

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
New York Assembly Proposes Adoption of Cryptocurrency for Fines and Tax Payments

The New York State Assembly has proposed a new bill on Jan. 26 aimed at enabling state agencies to receive cryptocurrency as a payment option for fines, taxes, fees, and other state-mandated payments.;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.