July 23, 2024
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US Fed to Create New Crypto Team amid Concerns About Unregulated Stablecoins

According to a Fed official, the US Federal Reserve will establish a “specialized team of specialists” to monitor changes in the cryptocurrency sector due to worries the central bank has regarding “unregulated” stablecoins. Vice Chair for Supervision Michael Barr acknowledged that cryptocurrency could have a “transformative effect” on the financial system but added that “the

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