Jerome Powell, president of the Central Bank of the United States (FED) declared yesterday to be in favor of privacy in digital currencies.

"A ledger where you know everyone's payments is not something that would be particularly attractive in the US context"

Powell's statement can be a pinprick to the Bitcoin model, a transparent ledger in which it is possible to see all transactions for everyone.

While Jerome stated this, the cryptocurrency community Monero celebrated the claim. The currency has a ledger obscured by encryption techniques, guaranteeing privacy and anonymity to its users.

At the time of writing, Monero has already risen 10% in the past 24 hours.


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