ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Federal Reserve Chairman Speaks Out In Favour Of Private Cryptocurrency Transactions

Fed Chairman Jerome Powell has told the House that privacy of crypto transactions is needed.

Tolu Ajiboye by Tolu Ajiboye
February 12, 2020
in News
0
Buterin
0
SHARES
63
VIEWS
Share on FacebookShare on Twitter

Federal Reserve Chairman Jerome Powell has spoken in favour of privacy and the importance of this privacy, especially with cryptocurrency transactions. According to him, privacy is needed and should be embraced.

Powell made these comments during his testimony before the House Financial Services Committee about the current economic policies in the U.S. His comments seemed to have a positive reaction from cryptocurrency proponents all over social media.

In a recent tweet, popular crypto bull and Morgan Creek Capital Management founding partner Anthony Pompliano quoted Powell’s exact words. According to Pompliano, Powell said:

“A ledger where you know everybody’s payments is not something that would be particularly attractive in the context of the US.”

Calls for a digital dollar are slowly increasing in frequency. Kryptomoney recently reported a Federal Reserve board member said the institution was researching distributed ledger technologies for the purpose of a digital dollar. Powell’s comment seems to suggest that while that would be a great idea, doing this without privacy just might not.

Powell made several other comments in his testimony which lasted almost three hours.

As part of his speech, he made comments about Facebook’s Libra and how it could affect monetary policy. He also spoke about inflation rates, saying that the 2% target is lower than the Fed prefers at the moment.

Image Credits: Pixabay

Tags: Anthony PomplianoFacebookFederal ReserveHouse Financial Services CommitteeJerome PowellLibra
Previous Post

Cardano (ADA) and EOS Prints Golden Cross: A Target for the Moon Imminent?

Next Post

Indian Law Enforcement Arrests Darknet Crypto Drug Dealer

Next Post
Darknet

Indian Law Enforcement Arrests Darknet Crypto Drug Dealer

Recent Stories

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Crypto Payment

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
halving

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021
bitcoin

Top 7 Open-source Code Bitcoin Wallets

January 14, 2021
Bitcoin

Bitcoin Institutional Investors Not Worried About Recent BTC Decline

January 13, 2021
Crypto Analyst

Crypto Analyst Predicts BTC Will Plunge Below $20,000, BTC Up Over 2.7%

January 13, 2021
DOT/USD

DOT Price Analysis: Massive Liftoff on DOT/USD to $10.98, On-Chain Data Indicates a Climb in Polkadot Volume

January 13, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 38,277.00 1.2%
  • ethereumEthereum (ETH) $ 1,230.75 5.72%
  • tetherTether (USDT) $ 0.998869 0.62%
  • bitcoin-cashBitcoin Cash (BCH) $ 507.52 0.5%
  • binancecoinBinance Coin (BNB) $ 41.53 1.36%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree