As a part of a panel on “Cross-Border Funds—A Imaginative and prescient for the Future,” on the Worldwide Financial Fund’s (IMF) annual assembly, Federal Reserve Chairman Jerome Powell will talk about digital currencies Monday.
The panel will begin at eight a.m. ET on Oct. 19.
Throughout this digital occasion, whereas discussing the potential options to reinforce the cross-border funds, the “advantages and dangers” of digital currencies and their macro-financial implications will even be coated.
POLL: In 5 years, how will you be sending cash to a member of the family overseas? https://t.co/bLxWHkYKeE #CrossBorderPayments
— IMF (@IMFNews) October 18, 2020
“On Monday, Jay Powell provides his enter on central financial institution digital currencies on the IMF speak listed above. Central Financial institution digital currencies are coming, and they’re going to change every part… They’re coming underneath stealth of X-border funds however it means a lot extra…” mentioned former hedge fund supervisor Raoul Pal, CEO of Actual Imaginative and prescient Group.
TLDR: CBDCs are massively bullish for laborious belongings like #BTC as they make it simpler for politicians who’re hooked on financial/fiscal stimulus to implement their insurance policies. https://t.co/H2OXxsAeNr
— Qiao Wang (@QwQiao) October 18, 2020
It’s, nevertheless, not talked about if Powell could be sharing his ideas on a digital greenback.
Different panelists embrace Agustín Carstens, normal supervisor of the Financial institution for Worldwide Settlements (BIS); Ahmed Abdulkarim Alkholifey Governor of the Saudi Arabian Financial Authority; and Nor Shamsiah, governor of Financial institution Negara Malaysia with IMF Managing Director Kristalina Georgieva because the moderator.
You’ll be able to watch reside right here: