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Fed Chairman Powell to Speak About Digital Currencies Next Week at IMF
It is not immediately known if Powell’s remarks will include his thoughts on a digital dollar.
Updated Sep 14, 2021, 10:10 a.m. Published Oct 15, 2020, 9:10 p.m.
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.
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- 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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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
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UK to Plans to Start Regulating Cryptocurrency in 2027
Legislation will be introduced into Parliament on Monday extending existing financial regulation to crypto companies.
What to know:
- The U.K. government is set to introduce legislation for regulating cryptocurrency from October, 2027.
- The bill will be little changed from draft legislation published in April.
- In extending existing financial services rules to the crypto industry, the U.K. will be emulating the approach of the U.S.
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