Post
Topic
Board Economics
Re: US Treasury vs European Central Bank
by
teosanru
on 17/12/2019, 17:46:52 UTC
The US treasure sees no incentives towards getting into the crypto space according to this article:

https://cryptotradernews.com/cryptocurrency/u-s-treasury-secretary-the-fed-sees-no-need-to-get-into-cryptocurrencies/

The ECB on the other hand has announced that they're already planning on a digital currency for european banks.

https://twitter.com/ecb/status/1206892893635534848

The US is falling behind.

Thoughts?
Maybe this era of blockchain and Cryptocurrencies could be the era in which Once again there is a change in the center of world trade. Countries like China & Japan are already in the race to develop currencies based on blockchain or atleast inculcate blockchain to assist programs but USA seems to be conservative for it. As u said even Europe is trying to get into the arena now. I think USA will really fall behind if they decide to stay away from it but I think the global economies are such that soon US would realise their mistake and join the league.