Fed is stepping up research on digital dollar, says governor Lael Brainard
Governor critical of stable coins and other assets not backed by regulatory oversight
24 May 2021 - 21:33
The Federal Reserve is stepping up its research on digital currencies, governor Lael Brainard said on Monday, amid growing demand for digital payments.
Brainard said three other topics — the growing role of digital private money, plans for using digital currency for cross-border payments by foreign central banks, and possible benefits for financial inclusion — have sharpened the Fed’s focus on central bank digital currency...
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