US Treasury Secretary floats idea of digital dollar maintained by the Fed By Cointelegraph

0
23

US Treasury Secretary floats idea of digital dollar maintained by the Fed

Janet Yellen may be open to having U.S. regulators consider a digital currency, but still seems to have strong concerns about .

In an interview on the New York Times’ DealBook DC Policy Project held today, Yellen said it makes sense for the Federal Reserve to look into a digital dollar. Speaking to Andrew Ross Sorkin, the Treasury Secretary said a digital dollar maintained by the Fed could result in “faster, safer and cheaper payments,” but added there were “a lot of things to consider” before a possible rollout. She questioned how regulators would “manage money laundering and illicit finance issues” as well as the impact on the banks and Fed.