The Interchange: Don’t count on a retail Fedcoin anytime soon

This past week, the Federal Reserve issued a notice explaining its objection to open its balance sheet for pass-through-investment-entities (PTIEs) looking to take deposits from institutional investors and investing "all or substantially all" of the capital at the reserve bank. Matt Levine had a nice summary as to the reasoning here, but in summary the Fed's reluctance to take deposits comes down ...

Original source
https://www.theblockcrypto.com/2019/03/17/the-interchange-dont-count-on-a-retail-fedcoin-anytime-soon/

Add comment

Please Sign in to be able to leave comments.