The former Federal Reserve chairman said national currencies are backed up by sovereign credit, something no other organization can offer.
"The fundamental sovereign credit of the United States is far in excess of anything Facebook can imagine," Greenspan said.BEIJING — Former U.S. Federal Reserve Chairman Alan Greenspan said Tuesday that there is no need for central banks to issue digital currency.
He pointed out that national currencies are backed up by sovereign credit, something no other organization can offer.can imagine," Greenspan said.
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