By en.coin-turk.com on October 28, 2023
Michael Barr, the Vice Chair for Supervision at the Federal Reserve (FED), made statements at a conference held in Washington D.C. on Friday. In his remarks, Michael Barr touched upon various topics ranging from stablecoins to central bank digital currencies (CBDCs). The need for regulatory measures for stablecoins was emphasized in the statements. Furthermore, it was emphasized that although the FED continues to research CBDCs, it is still far from taking any concrete steps on the matter. Remarks from the FED Official Michael Barr, the Vice Chair for Supervision at the FED, made critical remarks during the week. Speaking at a conference held in Washington D.C. on Friday, the FED official addressed various topics including stablecoins and CBDCs. Michael Barr expressed the need for the necessary regulatory framework for stablecoins. Barr stated that when a digital asset is pegged to fiat currencies issued by governments, it is used as a […]
The Coin Detective