U.S. Fed Chair Powell Says ‘Nowhere Near’ Pursuing CBDC, Won’t Spy on Americans

Bianca Echa

U.S. Fed Chair Powell Says ‘Nowhere Near’ Pursuing CBDC, Won’t Spy on Americans

“If that were a government account, that the government would see all your transactions, that’s just something we would not stand for or do or propose here in the United States,” Powell said. He contrasted the U.S. thinking with China, where the government can track user activity in its digital currency.

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