Fed Official Calls for Tighter Stablecoin Regulation
Today, the Federal Reserve Bank of Philadelphia held its seventh annual fintech conference. A significant takeaway was Deputy Chair Michael Barr’s pronounced concerns about the risks stablecoins, devoid of federal oversight, might pose to financial stability. On the topic of CBDCs, Barr remarked that decisions remain on the distant horizon.
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Today, the Federal Reserve Bank of Philadelphia held its seventh annual fintech conference.
A significant takeaway was Deputy Chair Michael Barr's pronounced concerns about the risks stablecoins, devoid of federal oversight, might pose to financial stability.
On the topic of CBDCs, Barr remarked that decisions remain on the distant horizon.
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