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cover of episode The Federal Reserve Has Its ‘Come to Satoshi’ Moment

The Federal Reserve Has Its ‘Come to Satoshi’ Moment

2020/2/6
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The Breakdown

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That’s the way Meltem Demirors described) Federal Reserve Governor Lael Brainard’s remarks) at Stanford yesterday. For the first time, the Fed has said) it is actively researching and experimenting with digital currencies and distributed ledger technologies. This is a change in tone from a Fed that, when asked previously, has more or less dismissed digital currencies.  On this episode, @nlw looks at Brainard’s speech, along with: the latest from Japanese lawmakers proposing) a digital currency to counteract the influence of a forthcoming Chinese digital yuan; a Bank for International Settlements digital currency working group) with six major central banks; and the potential implications of CBDCs on bitcoin.