Bank Quote by Jerome Powell
“A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft.”
About This Quote
Source Speech: Remarks on Central Bank Digital Currency, 2023
A central bank digital currency would attract cyber threats like attacks, counterfeiting, and theft.
In simple terms: CBDC could become a cyber‑crime target.
Key Takeaway
Implement robust security for digital currencies.
Themes
finance
technology
cybersecurity
policy
Mood
cautious
serious
Type
policy
technical
When to use this quote
- central bank planning
- cyber defense training
- regulatory frameworks
Key Concepts
digital currency
risk management
Questions to Reflect On
- What safeguards are essential for a CBDC?
- How can international cooperation reduce cyber risks?
A Different Perspective
Security may be underestimated.
