U.S. Fed to create new crypto team amid Stablecoins’ concerns

The U.S. Federal Reserve is planning to form a specialized team of experts to keep up with developments in the cryptocurrency industry.

According to a Fed official, the U.S. Federal Reserve is planning to form a specialized team of experts to keep up with developments in the cryptocurrency industry, in response to the central bank’s concerns about “unregulated” stablecoins.at the Peterson Institute for International Economics in Washington on 9 March that crypto could have a transformative effect on the financial system, but added that the benefits of innovation can only be realized if adequate safeguards are in place.

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