Colleagues, the US Fed’s Jim Cunha, Vice
President for Treasury and Financial Services, offered up a prediction that the
US government could adopt a Blockchain-based cryptocurrency within the next
five years. We have previously stated such a move could take place within three
years. Perhaps the reality of US Fed-backed cryptocurrency lies somewhere in
between. Cunha’s remarks at a recent conference in Boston (akin to an East
Coast version of South by Southwest) reveal some insight to the US Fed’s
thinking. The major reservation shared by Fed officials is security of a
central bank crypto and its underlying Blockchain. By contrast, the 30-year Fed
veteran recognizes that millennials in aggregate have concerns about the
old-school financial establishment – presumably government and private sectors
alike – which makes them much more open to a national cryptocurrency than their
gray haired “over 50” financial leaders of our current era. Share a comment today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
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