Digital dollar in the U.S. Congress need to be trained

Цифровой доллар в США: Конгрессу необходимо пройти обучение

In the midst of a coronavirus pandemic that devastated the world economy, talk about the digital currency the Central Bank of the United States (CBDC) has suddenly become Mastema for a former regulator and a major consulting company that is making an effort that Washington has seriously considered this problem.

However, before lawmakers will consider this issue, they need to get some knowledge in the field of blockchain. Members of Congress and senators – officials in age from 57 to 61 years. This was written decrypt.

Perianne boring, as the founder and President of the chamber of digital Commerce in Washington, took on the mission to bridge the gap in the education of U.S. congressmen. Boring believes that the lack of understanding of the technical aspects and specific knowledge for many legislators in the country will be the main barrier in the formation of a holistic strategy digital dollar.

Although boring tells that the interest in CBDC “exceeded our expectations”, there is still a long way and still a lot of work.

“Most members of Congress in the US does not have the technological experience…. The people who work in Congress, their average age is 50, 60 or 70 years, ” said boring.

“So one of the things we are currently working with members of Congress, is giving them the opportunity to touch the technology, to experience it, to be able to use the blockchain and implement it in real life.”

Although the wording about the digital dollar, in the end, was eliminated from the Law CARES, providing for the issuance of checks in the amount of $1200, boring claims that a conversation about the introduction of technology CBDC, tells about the steps in the right direction.

“It also shows that there is a development of thinking to improve the digital infrastructure of our financial system in the United States,” she said.

Although some may argue that the introduction of digital dollar is relevant, given the development of the blockchain in China. However, according to boring, in this matter should be cooperation, not competition.

“The job in China, work in the technology of blockchain and DCEP is just one part of their overall strategy. I will say that it was a very powerful message because we are trying to contribute to the formation of the government in the United States, so they can learn about the importance of this technology when we can demonstrate and show that other major economies are doing in this space.”

“We don’t want the US and China compete with each other, when it comes to the adoption of this technology.”

Project Libra Facebook could not be allowed bloccano, which first talked. Despite the fact that Libra has moved away from creating supernationally currency, as stated by the former President of Bank of China Li Lihua (Li Lihui) at the recent seminar, it may not be the same need to overtake Chinese digital currency (DCEP).

This lack of urgency means that the United States has enough time to develop digital dollar effortlessly.

On the website Coinews it was reported that the us think tank that is working on a project Digital Dollar, has published a white paper, which details describes the General provisions, purpose and use of digital currency by the Central Bank.

The portal Coinews informed that the head of JPMorgan’s strategy on interest rate derivatives Josh Yunger (Josh young) and chief US economist Michael Feroli (Michael Feroli) said that digital currencies could threaten the geopolitical power of the United States.

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