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Fed Chairman Says The U.S. Is Not Competing With China on Central Bank Digital Currency (CBDC)

The Chinese central bank – People’s Bank of China (PBoC) – has expedited its efforts on launching its central bank digital currency (CBDC) Digital Yuan. However, the U.S. isn’t quite worried at this point regarding the development of China’s CBDC, said Federal Reserve Chairman Jerome Powell. On Wednesday, April 29, the Fed chairman Jerome Powell

The Chinese central bank – People’s Bank of China (PBoC) – has expedited its efforts on launching its central bank digital currency (CBDC) Digital Yuan. However, the U.S. isn’t quite worried at this point regarding the development of China’s CBDC, said Federal Reserve Chairman Jerome Powell. On Wednesday, April 29, the Fed chairman Jerome Powell