Fed Chairman Favoring Private Transactions On Cyptocurrencies.
Fed Chairman Jerome Powell testified this morning in front of the House Financial Services Committee, on the state of the U.S. economy and monetary policy. During his testimony, Powell also spoke out in support of private cryptocurrency transactions, such as those offered by privacy coins like Monero, and Z-cash. The Chairman admitted that a fully transparent system where everyone can see everyone else’s financial transactions and balances is not ideal for the US economy.
The cryptocurrency circle is already gaining wider recognition daily as many people that matter in the society are beginning to notice it’s impact.
Remember also that Facebook is working on it’s cryptocurrency project called Libra which will eventually bring the idea of cryptocurrencies to the ordinary internet user.