Fed's Powell urges broader regulation for stablecoins

Fed's Powell urges broader regulation for stablecoins

a year ago
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https://apnews.com/c26ebb60cc618fe1b917166984bee93a

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.