Fed, BOE officers share persevering with curiosity in CBDCs, stablecoin regulation

The Federal Reserve Board continues to analysis a central financial institution digital forex (CBDC), or not less than adjoining applied sciences, Vice Chair Michael Barr stated on Oct. 27. He additionally touched on stablecoins on the Economics of Funds XII Convention, the place his English colleague Sir Jon Cunliffe made his final speech as deputy governor of the Financial institution of England (BOE).

The Fed’s analysis is presently targeted on “end-to-end system structure,” similar to ledgers and tokenization and custody fashions for an intermediated CBDC, Barr stated in Washington. Barr repeated the Fed mantra of no digital greenback and not using a congressional mandate, however added that “studying from each home and worldwide experimentation can assist decisionmakers in understanding how we will finest assist accountable innovation.”

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