(by Tyler Durden | Zero Hedge) – For years now, and in response to similar projects at central banks in Europe and – more importantly – China with the PBOC, the Fed has been hemming and hawing about whether to take the possibility of creating a “FedCoin” more seriously. Senior officials have been pretty tetchy about carefully weighing the “pros and cons” of a system that  would, in theory, enable the Fed to deposit money directly into the ‘digital wallets’ of regular Americans, a power that could ultimately render the entire private banking system obsolete. And so, as we wait […]

This post was originally published on this site