Neil Kashkari: "Digital currencies of the Central Bank are unlikely to improve payments" – Bits Media

President of the Federal Reserve Bank of Minneapolis Nile Kashkari spoke sharply against the digital currencies of central banks, Having doubted, that they can increase the speed and efficiency of payments.

Neil Kashkari (Neel Kashkari) noted, What has become recently The topic of starting a digital dollar is often discussed. Kashkari said, that this issue is studied by lawmakers, Since the federal reserve system (FRS) The USA thinks, that to release its own digital currency will require an act of congress. Kashkari himself is convinced, that the launch of a digital dollar is unlikely to change something in the payment sector.

“Be it bitcoin or digital currency of the central bank, no one can specifically formulate, What problems do they solve. I can send right now $5 Anyone in this hall, Using Venmo. So what can the digital currency of the Central Bank do, What can not Venmo? Just a set of words about that, that they can improve something, But there is no evidence for this. ", - said Kashkari.

He touched on the launch of the digital yuan from the People’s Bank of China (NSC), Assuming, that theoretically, Chinese authorities can monitor each transaction of users with its help. Kashkari noted, that in the case of a digital dollar, The Fed does not support users surveillance - the department is not interested in violating the private life of the American people. Despite skepticism in relation to state stablecoins, Kashkari admitted, that CBDC can simplify taxation, Therefore, do not stop investigating their capabilities.

Last year, Kashkari branded the crypto industry frivolous due to the collapse of the FTX exchange. Previously, he called the cryptocurrency DOGE a financial pyramid.