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US Federal Reserve Seeks Manager To Research Stablecoins And CBDC

The US Federal Reserve has posted a vacancy for a digital innovation manager who will assess the pros and cons of stablecoins and central bank digital currencies (CBDCs), CoinDesk reports.

According to the description, the specialist will lead the section that will monitor, control, assess and manage risks associated with digital innovation.

The division’s objectives include the development and implementation of risk management standards and rules for financial market infrastructures, reserve banks and payment systems.

The Fed opened the vacancy a few days after Chairman Jerome Powell called stablecoin regulation a priority at an online conference at Princeton University. He added that there is a “clear need” for a CBDC, but it will be “years” before its release.

Powell said earlier that it is important for the Fed not to be the first to issue a digital currency, but to do it with the right approach.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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