Federal Reserve Board governor Michelle Bowman shared her views on monetary innovation in a speech at Harvard Regulation Faculty on Oct. 17. Bowman has spoken a number of instances on the subject, and her place appears to be rising extra bearish.
Bowman spoke at size about central financial institution digital forex (CBDC) and stablecoin. She additionally thought of “unified ledger” know-how and distributed ledger know-how as a bridge between current programs, in addition to methods to enhance current know-how. She repeated questions she has raised earlier than concerning the want for such improvements and advised that banks can play a job in stopping authorities overreach:
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