https://www.coindesk.com/policy/2024/03/07/us-fed-chair-powell-says-nowhere-near-pursuing-cbdc-wont-spy-on-americans/ Privacy in the Digital Age: In recent discussions with lawmakers, Federal Reserve Chair Jerome Powell underscored a crucial stance regarding the potential rollout of a Central Bank Digital Currency (CBDC) in the U.S.

🇺🇸🏦 Powell emphasized that, even if the Fed were nearing a recommendation for a CBDC, it holds 'zero interest' in a system allowing it insight into user data.

This statement highlights the Federal Reserve's sensitivity to privacy concerns associated with digital currencies.

In an era where data privacy is a hot topic, the assurance from such a high-level figure about prioritizing user confidentiality in developing potential digital currency systems is noteworthy.

How do you interpret Powell's commitment to Privacy in the context of CBDC development?

What implications could this have for the future of digital currencies and their adoption by the general public?

Let's discuss the balance between innovation in finance and the right to Privacy.

#CBDC #FederalReserve #Privacy #JeromePowell