Published 2 years ago

Fed's Powell urges broader regulation for stablecoins

Summary by KVIA

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — Federal Reserve Chair Jerome Powell said that stablecoins will need greater regulation as they become more widely used by consumers. Powell delivered his virtual remarks Tuesday to a conference on digital finance in Paris. Powell said the Fed hasn’t yet decided on whether to proceed with a digital dollar. The Fed’s sharp interest rate increases this year, Powell said, have contributed t…

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Associated Press News

Fed's Powell urges broader regulation for stablecoins

Federal Reserve Chair Jerome Powell said that stablecoins will need greater regulation as they become more widely used by consumers. Powell delivered his virtual remarks Tuesday to a conference on

2 years ago·United States

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abc News

Fed's Powell urges broader regulation for stablecoins

Federal Reserve Chair Jerome Powell said that stablecoins will need greater regulation as they become more widely used by consumers

2 years ago·United States

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KVIA

Fed's Powell urges broader regulation for stablecoins

2 years ago·Panama City, United States

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MY Northwest

Fed's Powell urges broader regulation for stablecoins

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that stablecoins will need greater regulation as they become more widely used by consumers. Powell also said, in virtual remarks to a conference on digital finance in Paris, that the Fed hasn’t yet decided on whether to proceed with a digital dollar. The Fed’s sharp interest rate increases this year, Powell said, have contributed to the collapse of some stablecoins and big drops …

2 years ago·Tacoma, United States

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