The Federal Reserve Has Its ‘Come to Satoshi’ Moment

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Shifting its stance from principally ignoring CBDCs, a Federal Reserve governor says the central financial institution is now actively finding out the potential of a U.S. digital foreign money.

That’s the way in which Meltem Demirors described Federal Reserve Governor Lael Brainard’s remarks at Stanford yesterday. For the primary time, the Fed has stated it’s actively researching and experimenting with digital currencies and distributed ledger applied sciences. It is a change in tone from a Fed that, when requested beforehand, has kind of dismissed digital currencies. 

On this episode, @nlw seems at Brainard’s speech, together with: the most recent from Japanese lawmakers proposing a digital foreign money to counteract the affect of a forthcoming Chinese language digital yuan; a Financial institution for Worldwide Settlements digital foreign money working group with six main central banks; and the potential implications of CBDCs on bitcoin. 

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