The Federal Reserve is devoting resources to exploring risks and benefits associated with central bank digital currencies (CBDCs), indicated by a new job posting. The central bank is looking for a manager for its digital innovations policy program.
The program specifically looks at the intersection of digital technologies and payments. The job posting explicitly charges the manager with examining risks and benefits related to CBDCs, stablecoins and “the supervisory and regulatory framework for emerging payments platforms, activities and institutions.” The post indicates that four applicants have applied via LinkedIn.
Federal Reserve chairman Jerome Powell said the central bank’s work on stablecoin risks is a “very high priority” earlier this month. According to Powell, the strategy surrounding a possible CBDC and other stablecoin regulation remains in flux.
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