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Published 2 years ago

Fed's Powell calls for DeFi regulation following 'significant structural issues'

Summary by Ground News
Federal Reserve Chairman Jerome Powell ramped up his criticism of decentralized finance on Tuesday. Powell said the monetary policy normalization worldwide has exposed structural issues in the DeFi ecosystem. Powell has also previously expressed concerns about the risks of new digital financial products. He also offered an update on the U.S.’s progress with central bank digital currency.

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