この記事を共有
US Will Not Race China to Develop a CBDC: Fed Chairman Powell
The U.S. is biding its time to see whether a CBDC was something that would be a "good thing for the people," Powell said Wednesday.
China's rush to develop its digital yuan will not push the U.S. into a digital currency race, the Federal Reserve's chairman repeated on Wednesday.
Speaking after the Fed's latest policy meeting, Jerome Powell reiterated previous statements that it was better to "get it right" than be first when it comes to a developing a central bank digital currency (CBDC). Powell was adamant that China's approach was not the one the U.S. should be taking.
“Far more important to get it right than it is to do it fast,” said Powell. “The currency that's being used in China is not one that would work here. It’s one that really allows the government to see every payment for which it is used in real time.”
Instead, the U.S. is biding its time to see whether a CBDC is something that would be a "good thing for the people that we serve" and ensure it is the right fit for those who rely on the dollar, said Powell.
China has been developing its CBDC with notable success, having completed various trials in an open lottery system gifting thousands of participants the opportunity to shop and experiment with the digital yuan.
See also: Ant Group Has Been Working With China’s Central Bank on Its CBDC Since 2017: Report
More For You
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
What to know:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
Top Stories
