🚀 Attention crypto-fans! Federal Reserve Governor Michelle Bowman shared her views on financial innovation in a speech at Harvard University. Although he was not very optimistic about central bank digital currencies (CBDC) and stablecoins, he did highlight the importance of research and innovation in the field of payments and blockchain technology.
Some key ideas:
- Bowman sees advantages in the US intermediated banking model to avoid government excesses.
- You do not see strong arguments in favor of CBDCs over other alternatives, such as the FedNow service.
- Advocates a regulatory framework for financial innovation based on the same regulation for the same risks.
What do you think about CBDCs and stablecoins? Do you think they are necessary or are there better alternatives? Comment below! 💬
Some key ideas:
- Bowman sees advantages in the US intermediated banking model to avoid government excesses.
- You do not see strong arguments in favor of CBDCs over other alternatives, such as the FedNow service.
- Advocates a regulatory framework for financial innovation based on the same regulation for the same risks.
What do you think about CBDCs and stablecoins? Do you think they are necessary or are there better alternatives? Comment below! 💬