Fed Official Believes Central Bank Digital Currencies are Inevitable
While speaking at a community banking conference Philadelphia Federal Reserve Bank President Patrick Harker said it was inevitable that central banks will issue digital currency; CoinDesk reports his comments, “It is inevitable … I think it is better for us to start getting our hands around it. I am looking at the next five years after that. What comes next? I do think it is something around digital currency.”; there is a larger debate happening around digital currency with Facebook’s release of their Libra white paper and both governments and banks have been very critical of the plans. Source.