Today news
About the same in other media
09.12 - 14:58
Fed's Quarles says regulators should show 'constraint' on stablecoins to avoid hampering innovation
Reading now: 976
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
New York Fed opens innovation centre finextra.com /2 years ago
Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6 cointelegraph.com /2 years ago
Randal Quarles Says Fed Will Need to Raise Rates to Cool Inflation wsj.com /2 years ago
Show more
The website finance-news.co. 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.
