Federal Reserve official warns of digital currency’s risks

(Reuters) – A top U.S. Federal Reserve official on Friday raised caution about central banks issuing digital currencies as they are vulnerable to cyber attacks and criminal activities along with privacy issues that still need to be addressed.
“A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft,” Fed Governor Jerome Powell said in prepared remarks at a conference held at the Yale Law School on payment tec