您现在的位置是:Fed Chair doesn’t want to ban cryptocurrencies >>正文
Fed Chair doesn’t want to ban cryptocurrencies
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛3人已围观
简介China has taken a tough stance on cryptocurrencies in recent years but not every country is looking ...
China has taken a tough stance on cryptocurrencies in recent years but not every country is looking to follow that route
The chairman of the United States Federal Reserve, Jerome Powell, has stated that he doesn’t intend to ban cryptocurrencies in the country. Powell added, however, that he intends to regulate stablecoins and increase the Fed’s oversight of the market.
The Fed chair made these comments while speaking to the House Financial Services Committee yesterday. The meeting also had in attendance Treasury Secretary Janet Yellen, with the house committee asking the duo about the Federal Reserve’s and Treasury Department’s pandemic response and also some questions about cryptocurrencies.
China has taken a tough stance on cryptocurrencies in recent months. The People’s Bank of China (PBoC) announced last month that all cryptocurrency-related services and transactions are now illegal in China. The move has forced many cryptocurrency entities to shut down their operations in China and move to other parts of the world.
Rep. Ted Budd (R-N.C.), who is a popular supporter of cryptocurrencies, asked Powell about his statement in July when he said the development of a United States central bank digital currency (CBDC) could eliminate the need for stablecoins and private cryptocurrencies.
Budd asked the Fed chair if he intended to ban or limit the use of cryptocurrencies, and Powell said no. However, he added that he is more concerned about stablecoins.
Powell said stablecoins are, to some extent, not within the regulatory parameters. Hence, it is important that they are regulated. The United States Federal Reserve has talked about the need to regulate the activities of stablecoin issuers.
Stablecoins have experienced massive growth over the past few years. Tether (USDT) and USDC are currently the largest stablecoins in the world, and they are used by various cryptocurrency exchanges. Due to their dollar-denominated nature, the Fed is concerned about their lack of regulation.
The United States, like most countries globally, is yet to institute definitive regulations on the broader cryptocurrency space. However, regulatory agencies are now starting to focus their attention on the crypto space with a view to regulate their activities.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/86659.html
相关文章
KPMG and HSBC Report Names Conflux as One of Asia’s Leading Crypto Projects
Fed Chair doesn’t want to ban cryptocurrenciesShanghai, China, 1st September, 2022, ChainwireConflux, the only regulatory-compliant public blockch...
阅读更多
Is Ethereum getting to $2,000
Fed Chair doesn’t want to ban cryptocurrenciesChainalysis has projected a strong price rally of Ethereum post-mergeThe soft date for the Merge is...
阅读更多
Planeteer unveils the Planeteer Social Token (PTS)
Fed Chair doesn’t want to ban cryptocurrenciesExplore the World with Planeteer SocialCrypto News India: People have always been looking for a trus...
阅读更多
热门文章
- How ESA's Gaia telescope and stellar music help astronomers measure the universe
- Chainlink (LINK/USD) price prediction as the date of expected LINK staking is announced
- Watch: Tesla Optimus takes a walk bare
- Bitcoin price moves below realized price of $21,700
- First human receives Neuralink brain chip implant, Elon Musk announces
- Bybit to launch USDC spot pair after partnership with Circle
最新文章
Cardano (ADA/USD) recovers back to the key level at $0.42
Bitcoin price surges to $26K as bulls react to CPI data
5 Reasons You Should Look into AltSignals' New Token, ASI
Top 10,000 Bitcoin investors control one
Coinbase and Blockchain.com receive licences in Singapore
The cryptocurrency market is maturing, says KPMG