Janet Yellen (U.S. Treasury Secretary) has provided her thoughts on the possibility of a digital currency but hesitates to draw any conclusions. YellenShe stated on Thursday she was still not forming a position on whether the Federal Reserve should create an electronic version of the Dollar. But such a move would need broad consensus between Congress and the U.S. central banks, as well as the White House.

These reports follow recent Federal Reserve news that they are currently investigating the possibility of an Electronic version of the greenbackIt would be a good idea. Yellen indicated that there are pros and con to the digital currency. She has thoughts about its implementation but feels that more research is needed before she can make any definitive answers.