Fed Official Calls for Regulation of Private Stablecoins to Protect Financial Stability
-
Fed's Barr concerned private stablecoins could threaten financial stability if left unregulated
-
Barr reiterates Fed's call for Congressional action on crypto stablecoin regulation
-
Fed still studying potential central bank digital currency, would need Congressional approval
-
Barr says critical for Fed to continue efforts to reduce inflation to 2% target
-
OCC's Hsu draws distinction between crypto (fraud/scams) and tokenization (efficiencies)