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The Federal Reserve has said today that stablecoins need to be regulated alongside overarching standards for digital assets. In particular, Fed official Michael Barr noted the need for an asset that is pegged to the government-issued currency. The US central bank has recently announced greater supervision of banks that use stablecoins. Barr reiterated his worry over these assets that don’t have federal oversight. #Stablecoin #Cryptocurrency #Regulation #FederalReserve
You can read more about this topic here: Watcher Guru: Federal Reserve Says Stablecoins Need To Be Regulated
