Tag Archives: Lael Brainard

Lael Brainard’s remarks suggest the Fed’s more openness to digital currencies. The U.S. Federal Reserve is studying the feasibility of issuing a digital currency and the risks associated with that.United States Federal Reserve is researching the opportunities that central banks may get issuing their digital currencies. It was revealed by Lael Brainard, a member of the U.S. Federal Reserve’s Board of Governors.According to her, the digitalization of payments could be beneficial, but at the...

Lael Brainard – the Federal Reserve governor – is back in the news. This time, she’s attacking the cryptocurrency project Libra, and to be fair, she’s not the only one.Brainard: Can We Trust Libra?Libra has been very controversial since it first emerged last June. Many have had mixed to negative reactions towards the cryptocurrency, claiming that it cannot be trusted given that it’s a subsidiary of Facebook, a social media conglomerate that has been attached to several scandals over the...

We’ve seen it before, and we’ll likely continue to see it for some time. Bitcoin and crypto just doesn’t seem to please everyone, and the latest doubter to be added to the mix is Federal Reserve governor Lael Brainard.Brainard: Crypto Gives Rise to Illegal ActivityAt a recent conference in Germany, Brainard explained to listeners that bitcoin was a haven for criminal activity, and that it had the power to inspire illicit events of every kind. Her words are allegedly based on various studies,...