Fed Powell comments on payment systems, no discussion of rates…
Posted: 2017-03-03 17:30:29Reuters Supplied Highlights:
Sees privacy issues raised if central banks issue digital currencies and track issuance.
(An interesting choice of words)
Warns of digital currency’s vulnerability to cyber attacks and money laundering.
Sees blockchain technology improving payment systems but risk must be considered
Sees “Permissioned” payment systems gaining popularity in near future over open ones like bitcoin.