A Former U.S. Federal Reserve governor Kevin Warsh told The New York Times that Federal Reserve should seriously consider launching a government sponsored cryptocurrency which is commonly know as "FedCoin"
Kevin Warsh was a Federal Reserve governor from 2006 to 2011 and was also a leading contender to became the chairman. He is also an investor in the cryptocurrency Basis was former know as Basecoin which is designed with an algorithmic central bank that will keep the price stable
He also mention that has he be assigned as the chairman of the Federal Reserve, he would make a team of people to look in the concept of FedCoin. He was not keen to replacing the current cash system with coin with mention that blockchain system would have reduced fraud and misuse.
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