Cryptocurrencies

Fed Chairman Powell to Speak About Digital Currencies Next Week at IMF

Federal Reserve Chairman Jerome Powell (Credit: Wikimedia Commons)

Federal Reserve Chairman Jerome Powell will speak next week as part of a panel on the future of cross-border payments at the International Monetary Fund’s (IMF) annual meeting.

  • Panelists will discuss “the benefits and risks of cross-border” digital currencies as well as their policy implications, IMF said.
  • The panel, which will be webcast, will start at 8 a.m. ET on Monday.
  • Also on the panel will be: Agustín Carstens, general manager of the Bank for International Settlements; Nor Shamsiah, governor of Bank Negara Malaysia; and Governor of the Saudi Arabian Monetary Authority Ahmed Abdulkarim Alkholifey, whose central bank is collaborating with the United Arab Emirates on a blockchain-based transaction platform.
  • It was not immediately known if Powell’s remarks will include his thoughts on a digital dollar.

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