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Ought to the Fed create ‘FedCoin’ to rival bitcoin?

Many fanatics of bitcoin and different cryptocurrencies are motivated by deep skepticism of the central banks that management the world’s cash provide.

However what if central banks themselves entered the sport? What would occur if the Federal Reserve, or the European Central Financial institution or the Financial institution of Japan used blockchain know-how to create their very own digital currencies? In addition to, that’s, having some cryptocurrency followers’ heads explode?

A former Fed governor — who was additionally a finalist to guide the central financial institution — thinks the concept deserves critical consideration.

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Author: Techno Info

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