Federal Reserve Governor Lael Brainard: Any Global Payments Network Must Meet High Legal Threshold, No Particular Need for a CBDC

As she welcomed Benoît Coeuré to his new position as Head of the Bank for International Settlements’ (BIS’) Innovation Hub, U.S. Federal Reserve governor Lael Brainard told regulators in Frankfurt Wednesday that private (crypto) currency networks pose risks that must be addressed. She also said… Read More
Read more in: Blockchain & Digital Assets, Opinion, Politics, Legal & Regulation | Tagged federal reserve bank, lael brainard, libra, stablecoins