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The Independent UK
The Independent UK
National
Via AP news wire

Fed's Powell urges broader regulation for stablecoins

Copyright 2022 The Associated Press. All rights reserved.

Federal Reserve Chair Jerome Powell said Tuesday that stablecoins will need greater regulation as they become more widely used by consumers.

Powell also said, in virtual remarks to a conference on digital finance in Paris, that the Fed hasn't yet decided on whether to proceed with a digital dollar.

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