Fed’s Powell reiterates call for appropriate regulation of digital finance

Sept 27 (Reuters) – Digital financial assets require appropriate regulations to ensure a level playing field and protect consumers, Federal Reserve Chair Jerome Powell said on Tuesday.”Within the decentralized finance ecosystem there are these very significant structural issues around the lack of transparency,” Powell said during a panel discussion on digital finance organized by Banque de France.”We need to be very careful about how crypto activities are taken within the regulatory perimeter…there’s a real need for more appropriate regulation so that as decentralized finance expands and starts to touch more and more retail customers, appropriate regulation is in …
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