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Powell: a key argument in favor of a CBDC is that it may eliminate the need for stablecoins and cryptocurrencies
FED'S POWELL: A KEY ARGUMENT IN FAVOR OF A CENTRAL BANK DIGITAL CURRENCY IS THAT IT MAY ELIMINATE THE NEED FOR STABLECOINS AND CRYPTOCURRENCIES.
— Breaking Market News (@financialjuice) July 14, 2021
Added at 1:06pm
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POWELL: STABLECOINS NEED TO BE REGULATED IN COMPARABLE WAY TO MONEY MARKETS, BANK DEPOSITS
— *Walter Bloomberg (@DeItaone) July 14, 2021
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