Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar

Cointelegraph

Published Feb 23, 2020 05:39AM ET

Updated Feb 23, 2020 07:22AM ET

Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar

Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC) believes it's time for the Federal Reserve to issue a fully digital currency on Feb. 21.

Giancarlo told Yahoo (NASDAQ:AABA) Finance’s On the Move program that the Federal Reserve must issue a digital currency in order to compete with China’s central bank digital currency (CBDC).

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