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  • A former Federal Reserve Chairman Alan Greenspan was speaking against the issuance of digital currencies.
  • He detailed that there is no point for them to do it, coming in the wake of Facebook’s Libra plans.  


Alan Greenspan former chairman for the U.S. Federal Reserve said there’s no point for them to do it in terms of central banks issuing digital currencies.

Greenspan said that national currencies are backed up by sovereign credit, something no other organization can offer.

He said:

The fundamental sovereign credit of the United States is far in excess of anything Facebook can imagine.

His comments come on the back of a few central banks globally moving ahead with issuing their own digital currencies or planning to do so.