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Daily Dashboard | US Federal Reserve chair says digital currency must ensure privacy Related reading: Seizing children's privacy momentum in Australia



Chair of the Federal Reserve System Jerome Powell said ensuring user privacy is key to a potential central bank digital currency in the U.S., Bloomberg reports. During a virtual panel hosted by the Bank for International Settlements Innovation Summit, Powell said a digital currency system must also be able to verify an individual’s identity similar to the way U.S. bank accounts do in order to prevent money laundering.
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