Federal Reserve Governor Barr: Stablecoin innovation should be allowed, but must occur within a very clear regulatory framework
2023-11-17 14:48:29
Odaily News Federal Reserve Governor Barr said that the banking system has not been seriously affected by the risks of cryptocurrency, and most banks have adopted a cautious attitude. We have to be very careful with stablecoins, historically private currencies can have “explosive” impact if poorly regulated. Stablecoin innovation should be allowed, but only within a “very clear regulatory framework.” (Golden Ten)
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