Federal Reserve Financial institution of Minneapolis President Neel Kashkari participated in a fireplace chat on the Minnesota Transportation Convention and Expo on Might 15. Whereas he spoke totally on subjects unrelated to cryptocurrency and blockchain, he gave a candid evaluation of central financial institution digital currencies (CBDCs) throughout the Q&A after his presentation.
“We’re wanting into it,” Kashkari mentioned of CBDCs, including that the Fed believes it could want an act of Congress to permit it to concern its personal digital foreign money:
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