Today news
About the same in other media
U.S. is not moving fast enough to develop a CBDC, says former CFTC chair
Reading now: 876
Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems.
In a Wednesday hearing of the Joint Economic Committee on the role of digital assets in government, Massad said a central bank digital currency, or CBDC, could be one solution for the United States to improve its existing payments systems, which he referred to as “slow” and “expensive.” In addition, the former CFTC chair said while stablecoins could be used for this purpose, they also presented some of the most urgent challenges for U.S. regulators and pose significant risks.
Massad said that people using stablecoins like Tether (USDT) to move funds between exchanges
Read more on cointelegraph.comAbout this in other media
Fed Chair on Higher & Not Transitory Inflation, Yellen On Stablecoins + More News cryptonews.com /3 years ago
ETH/BTC Ready to Break Higher? Not So Fast, Some Analysts Say cryptonews.com /3 years ago
US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair cointelegraph.com /3 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.
