Cointelegraph – by Turner Wright
Janet Yellen may be open to having United States regulators consider a digital currency, but she still seems to have strong concerns about Bitcoin (BTC).
In an interview for The New York Times’ DealBook DC Policy Project held on Monday, 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 banks and the Fed. Continue reading “US treasury secretary floats idea of digital dollar maintained by the Fed”