Fed to Release Report in September Addressing Cryptocurrencies and Stablecoins, Says Jerome Powell
The Chairman of the Federal Reserve of the United States, Jerome Powell, said today that the country is working on a publisher’s report on digital currencies.
We’re going to address digital payments broadly. It means stablecoins, it means crypto-assets, it means a CBDC. That whole group of issues and payment mechanisms, which we think is really in a critical point in terms of regulations.
LIVE: Federal Reserve Chair Powell addresses the status of the Fed’s study of central bank digital currencies, noting that we are at a “critical point” in terms of regulation pic.twitter.com/w0VDmqvj7R— Bloomberg Economics (@economics) July 14, 2021
Jerome Powell. Source: BarronsSource