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Cryptocurrencies

“Federal Reserve is taking the next step toward possibly launching a digital dollar”

“…The central bank is asking the public to provide feedback on the question over the next 120 days. And it said that in any event, it would only seek to create a digital currency with “clear support” from both the executive branch and Congress.

“We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Federal Reserve Chair Jerome H. Powell said in a statement accompanying the report…”

https://www.msn.com/en-us/money/markets/the-federal-reserve-is-taking-the-next-step-toward-possibly-launching-a-digital-dollar/ar-AASZ8Vk?ocid=uxbndlbing

If the government does make a digital currency it wouldn’t be a good idea to use it. First of and foremost they could track everything you do. Cryptocurrency main benefit is it’s anonymous. The last thing tax payers need is random taxes because the government decided to look at their crypto account.

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