Former CFTC Chairman: Fed needs to issue digital currency to keep up with China

According to Yahoo Finance, J. Christopher Giancarlo, a former chairman of the Commodity Futures Trading Commission (CFTC), said in an interview a few days ago that the Federal Reserve needs to issue digital currencies to keep up with China. With the prevalence of online shopping, the United States should provide digital payment methods other than debit or credit cards. The digital currency of the central bank can take many forms, but in principle, the physical currency will be replaced by a digital unit related to the blockchain.