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Shifting its stance from largely ignoring CBDCs, a Federal Reserve governor says the central financial institution is now actively finding out the potential of a U.S. digital forex.
That’s the way in which Meltem Demirors described Federal Reserve Governor Lael Brainard’s remarks at Stanford yesterday. For the primary time, the Fed has mentioned it’s actively researching and experimenting with digital currencies and distributed ledger applied sciences. This can be a change in tone from a Fed that, when requested beforehand, has kind of dismissed digital currencies.
On this episode, @nlw appears at Brainard’s speech, together with: the newest from Japanese lawmakers proposing a digital forex to counteract the affect of a forthcoming Chinese language digital yuan; a Financial institution for Worldwide Settlements digital forex working group with six main central banks; and the potential implications of CBDCs on bitcoin.
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The chief in blockchain information, CoinDesk is a media outlet that strives for the very best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.
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