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- Janet Yellen misleads about cryptocurrency - Workflow + (<div><i>"Proponents believe di … <div><i>"Proponents believe distributed ledger technology will transform other aspects of financial services like trading, borrowing, and lending. They point to capabilities, like smart contracts, which use computer code to automatically execute an agreement if certain prespecified conditions are met. To the extent that setup is more convenient, and costs are competitive with those required for traditional financial services, digital assets offer the potential to expand access."</i></div><div><br></div><div>"<b>... a CBDC could be the next evolution in our currency</b>. A recent report by the Federal Reserve opened a public dialogue about CBDCs and the potential benefits and risks that could be associated with issuing one in the U.S."<br></div><div><br></div><div><i>"Sovereign money is the core of a well-functioning financial system," she said.</i><br></div>t;div><br></div><div><i>"Sovereign money is the core of a well-functioning financial system," she said.</i><br></div>)
