The Federal Reserve Report publication on a potential government-backed digital currency preceded a large drop in the crypto marketplace. Vechain Zone has now published a review and commentary to uncover the cause.
The cryptocurrency new website Vechain Zone ( https://vechainzone.com ) has published a new review of the Federal Reserve "Money and Payments" early 2022 report, found at https://vechainzone.com/fed-crypyo-regulatory-risk/
Vechain Zone believes it has uncovered the major source of downward pressure on cryptomarketplace resulting from regulatory risk. The newly-published review reveals information buried in the report which seem to indicate government plans to keep Bitcoin, Etherium, and other cryptocurrencies from replacing traditional government-backed legal tender.
While Bitcoin, Etherium, and the entire Altcoin marketplace have all remained in a downward trend, the Vechain Zone review discusses not only regulatory risk in the marketplace, but the potential for government dominance of the crypto coin marketplace with a fed-backed digital currency.
The Federal Reserve, which is neither a part of the Federal government, nor does it have any reserves, released the long-awaited report detailing the costs and benefits of a Government-backed digital currency, referred to in the publication as a "Central Bank Digital Currency" or "CBDC", in early 2022. There was no commitment from the Fed to move forward on the project as any final decision was deferred at least until input from the public has been received and evaluated.
The published review of the report also includes a brief discussion of the governmental concern of climate impact from crypto mining operations, as well as commentary from industry experts like the head of public policy for Chainalysis, Salman Banaei, and Laura Shin, the author of "The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze”.
Comments and reactions from two different financial planners round out the expert commentary found in the Vechain Zone review.
Discussing the new review, Vechain Zone business development specialist Barry Burroughs said "With the potential for huge market impact from any government action, this review on the May 2022 Fed Report provides much-needed information for crypto investors as well as blockchain product developers."
Continuing, Burroughs stated "One of the most disconcerting aspects is found on Page 13 of the Federal Reserve publication, where the author makes a claim which is believed to have instigated the dramatic drop in the cryptocurrency marketplace. This dramatic downturn started within hours of the report's release and prices have yet to recover."
Crypto owners, investors, and anybody interested in the review and commentary on the Federal Reserve "Money and Payments" report focused on a Central Bank Digital Currency (CBDC) are invited to read the full review online directly at https://vechainzone.com/fed-crypyo-regulatory-risk/
More information about VeChain Zone itself can be found at https://vechainzone.com
