The Federal Reserve Has Its ‘Come to Satoshi’ Moment

<div id="node-3" class="article-pharagraph"> <p class="text">That’s the way Meltem Demirors <a href= "https://twitter.com/Melt_Dem/status/1225394158359150593" target= "_blank" rel="noreferrer noopener" data-reactroot= "">described</a> Federal Reserve Governor Lael Brainard’s <a href= "https://www.federalreserve.gov/newsevents/speech/brainard20200205a.htm" target="_blank" rel="noreferrer noopener" data-reactroot= "">remarks</a> at Stanford yesterday. For the first time, the Fed has <a href= "https://www.coindesk.com/fed-reserve-is-researching-dlt-based-digital-dollar-says-governor" target="_blank" rel="noreferrer noopener" data-reactroot= "">said</a> 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. </p> </div> <div id="node-4" class="article-pharagraph"> <p class="text">On this episode, @nlw looks at Brainard’s speech, along with: the latest from Japanese lawmakers <a href= "https://www.theblockcrypto.com/linked/55105/japan-lawmakers-to-issue-digital-currency-proposals-tomorrow" target="_blank" rel="noreferrer noopener" data-reactroot= "">proposing</a> a digital currency to counteract the influence of a forthcoming Chinese digital yuan; a Bank for International Settlements digital currency<a href= "https://www.coindesk.com/new-central-bank-group-to-discuss-digital-currency-benefits-at-april-meeting-report" target="_blank" rel="noreferrer noopener" data-reactroot= ""> working group</a> with six major central banks; and the potential implications of CBDCs on bitcoin. </p> </div>