Fed’s Barr Flags Stablecoin Risks As Agencies Ready Rules
Federal Reserve Governor Michael Barr said stablecoins present some areas of concern tied to potential money laundering and financial stability risks, in a warning for banking agencies as officials craft...
By Katanga Johnson, Miguel Ambriz · Bloomberg Markets
Federal Reserve Governor Michael Barr said stablecoins present some areas of concern tied to potential money laundering and financial stability risks, in a warning for banking agencies as officials craft regulations.