Federal Reserve chairman claims there is no point in digital currencies of the central bank

The former US Federal Reserve chairman says there is no point in digital currencies of the central bank (CBDC).

Speaking at today's annual conference on CBDCs in Chinese finance magazine Caijing, former chairman Alan Greenspan said: "There's no point in them doing it," reports CNBC.

Greenspan said all of a nation's financial capital, also known as national credit, back up currencies, and central author....