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U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says

U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says

Powell was responding to his earlier suggestions that cryptocurrencies could be replaced by a CBDC and reassured that the authority has no intention of banning crypto in the US.

U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says

Speaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies.

According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing laws.

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