The Federal Reserve Board continues to analysis a central financial institution digital foreign money (CBDC), or no less than adjoining applied sciences, Vice Chair Michael Barr mentioned 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 centered on “end-to-end system structure,” equivalent to ledgers and tokenization and custody fashions for an intermediated CBDC, Barr mentioned in Washington. Barr repeated the Fed mantra of no digital greenback with no congressional mandate, however added that “studying from each home and worldwide experimentation can assist decisionmakers in understanding how we are able to finest help accountable innovation.”
Proceed Studying on Cointelegraph
