Blockchain Week in Review: Week of November 22, 2019
U.S. Developments
The Fed Chairman Comments on Potential for a US-backed Digital Currency
Jerome Powell, Chairman of the Federal Reserve, wrote to Congress this week discussing the merits of implementing a central bank digital currency (CBDC) in the U.S. The letter responds to a number of questions posed by lawmakers regarding the value that a digital currency would provide and implementation challenges that would need to be overcome. Two Congressmen had expressed concern that the…