In his speech right this moment, FED member Michael S. Barr defined that the US banking system doesn’t have a deep publicity to cryptocurrency-related dangers and that the majority banks are taking a cautious strategy on this concern.
FED member Barr mentioned that as an establishment, they must be very cautious about stablecoins and that non-public currencies can traditionally create an “excessive bomb impact” if not regulated.
Nevertheless, Barr famous that stablecoin innovation ought to be allowed to occur, but it surely actually must be inside very, very clearly outlined limits.
*This isn’t funding recommendation.
