Fed and BOE Stressed CBDC Research and Stablecoin Regulation

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Fed and BOE Emphasised CBDC Research and Stablecoin Rules
The Federal Reserve Board is vigorously researching CBDC and related technologies, focusing on system architecture. Vice Chair Michael Barr emphasised the need for congressional approval and learning from international experiments.

Deputy Governor Sir Jon Cunliffe mentioned the need for a Digital Pound by the end of the decade, with a coming discussion paper on stablecoin regulation. Barr and Cunliffe emphasised the need for regulating stablecoins, which add trust from central banks.