THELOGICALINDIAN - The US Federal Reserve Fed has acquaint a job advertisement that seeks to appoint a role accompanying to stablecoins and axial coffer agenda currencies CBDC The Fed is attractive for a analysis administrator to accompany its aggregation to appraise the allowances and risks of agenda assets
The Role Is Part of the Fed’s Digital Innovation Policy
Per the Linkedin job posting, the Federal Reserve Board expects the called applicant to administer the “Digital Innovation Policy Program.” The administration oversees “all aspects of a affairs focused on arising issues at the circle of technology and payments.”
The Fed highlights in the post, the “changing nature” of acquittal platforms in a agenda environment. However, the role is not bound to accomplishing all-embracing analysis on how agenda assets could account the economy.
In fact, the U.S. Federal Reserve is aiming with the analysis administrator of the Digital Innovation Policy Program to abode “regulatory framework for arising payments platforms” issues.
The job advertisement additionally adds:
As of columnist time, there are 28 applicants absorbed via the Linkedin job posting.
Latest Developments on Stablecoins and CBDCs in the United States
The Fed has been afresh treading amnion on CBDCs through Jerome Powell’s speeches, the Federal Reserve chairman. During an online accident at Princeton University in New Jersey beforehand in January, Powell expressed that the American axial coffer is in no blitz to be the aboriginal to assignment in a CBDC.
Moreover, the Fed’s administrator fatigued that it could “take years” afore the U.S. Federal Reserve releases a axial coffer agenda currency.
In December 2020, three U.S. assembly introduced a bill that will force clandestine stablecoin issuers to access a cyberbanking allotment (or license) and get approval from the Fed afore they can affair a stablecoin.
What do you anticipate about this Fed’s job posting? Let us apperceive in the comments area below.
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