Fed Chairman Powell to Speak About Digital Currencies Next Week at IMF

Federal Reserve Chairman Jerome Powell (Wikimedia Commons)

Federal Reserve Chairman Jerome Powell will talk next week as half of a panel on the long term of low-border funds on the Worldwide Financial Fund’s (IMF) annual assembly.

  • Panelists will focus on about “the advantages and dangers of low-border” digital currencies as effectively as their coverage implications, IMF said.
  • The panel, which is able to be webcast, will start up at 8 a.m. Japanese time on Monday.
  • Furthermore on the panel will be: Agustín Carstens, long-established supervisor of the Financial institution for Worldwide Settlements; Nor Shamsiah, Governor of Financial institution Negara Malaysia; and Governor of the Saudi Arabian Financial Authority Ahmed Abdulkarim Alkholifey, whose central bank is collaborating with the United Arab Emirates on a blockchain-primarily based solely transaction platform.
  • It was as soon as now not instantly known if Powell’s remarks will encompass his solutions on a digital buck.

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