Last week, a former federal prosecutor in Pennsylvania announced during his visit to the Netherlands that illegal activities funded by bitcoins were much less widespread than their counterparts in fiat. A few days later, Sheila Bair, a former president of the Federal Deposit Insurance Corporation (FDIC) reminded the US central bank that it might be time now to consider creating a digital currency.
In a context where the global economy is recovering from the last financial crisis
This prosecutor mentions indeed on a statement of Yahoo Finance the possibility that a "central bank-issued Digital Currency (CBDC) could, among others, be as stable as the national currency, reduce the risk financial crisis but also improve monetary policy tools. Indeed, it would seem that "if this initiative were indeed undertaken, it could stabilize the financial system, limit the financial risks and also give the Federal Reserve new tools at its disposal" rather than go through the conventional mechanisms and unconventional developed during the last decade, adds the speaker of Yahoo Finance. These conventional and unconventional tools are obviously the interest rate policy, but also the quantitative easing (quantitative easing).
It is very important to remember here that the United States (although it was at the origin) was on the front line during the subprime crisis. Adding to this the sovereign debt crisis that Europe has experienced in recent years, the possibility of an Italixit and the various financial setbacks suffered by Brazil, Russia, Ukraine and Venezuela. time, the macroeconomic climate is not good. It is from this climate in question that some senior American leaders want to protect themselves.
We were talking about the soft power that the Americans had used so well in recent decades; when the CEO of Lazard mentioned it, the latter had explicitly stipulated the supremacy of their national currency which could one day be blackballed. Would Sheila Bair have tuned in?