Today news
About the same in other media
Fed's Quarles says regulators should show 'constraint' on stablecoins to avoid hampering innovation
Reading now: 540
Speaking publicly for the last time as a member of the Board of Governors of the Federal Reserve System, Randal Quarles urged regulators to exercise restraint on stablecoins.
In a prepared statement for his speech at the American Enterprise Institute on Dec. 2, Quarles expressed concern that regulations could hamper innovation in the digital asset space, particularly when it comes to stablecoins. According to the Fed governor, some of the approaches on stablecoin regulation from the President's Working Group on Financial Markets’ November report are unnecessary, including “limiting wallet providers' affiliation with commercial entities.”
“It is one thing to say that a stablecoin issuer itself must be a regulated bank — I think that is
Read more on cointelegraph.comAbout this in other media
Top headlines: US Fed signals rate hikes, IMF speaks on crypto ban idea business-standard.com /3 years ago
Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US cointelegraph.com /3 years ago
Bitcoin rallies above $49K following Fed FOMC announcement of rate hikes in 2022 cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
