Shifting its stance from principally ignoring CBDCs, a Federal Reserve governor says the central financial institution is now actively learning the opportunity of a U.S. digital foreign money.
That’s the best way Meltem Demirors described Federal Reserve Governor Lael Brainard’s remarks at Stanford yesterday. For the primary time, the Fed has mentioned it’s actively researching and experimenting with digital currencies and distributed ledger applied sciences. This can be a change in tone from a Fed that, when requested beforehand, has roughly dismissed digital currencies.
On this episode, @nlw seems at Brainard’s speech, together with: the newest from Japanese lawmakers proposing a digital foreign money to counteract the affect of a forthcoming Chinese language digital yuan; a Financial institution for Worldwide Settlements digital foreign money working group with six main central banks; and the potential implications of CBDCs on bitcoin.
Disclosure Learn Extra
The chief in blockchain information, Fintech Zoom is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial insurance policies. Fintech Zoom is an impartial working subsidiary of Digital Foreign money Group, which invests in cryptocurrencies and blockchain startups.
