Fed Governor Bowman doubles down on CBDC skepticism, likes stablecoin no better By Cointelegraph
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Federal Reserve Board Governor Michelle Bowman shared her views on financial innovation in a speech at Harvard Law School on Oct. 17. Bowman has spoken several times on the topic, and her position seems to be growing more bearish.
Bowman spoke at length about central bank digital currency (CBDC) and stablecoins. She also considered “unified ledger” technology and distributed ledger technology as a bridge between existing systems, as well as ways to improve existing technology. She repeated questions she has raised before about the need for such innovations and suggested that banks can play a role in preventing government overreach:
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Federal Reserve Board Governor Michelle Bowman shared her views on financial innovation in a speech at Harvard Law School on Oct. 17. Bowman has spoken several times on the topic, and her position seems to be growing more bearish.
Bowman spoke at length about central bank digital currency (CBDC) and stablecoins. She also considered “unified ledger” technology and distributed ledger technology as a bridge between existing systems, as well as ways to improve existing technology. She repeated questions she has raised before about the need for such innovations and suggested that banks can play a role in preventing government overreach:
Continue Reading on Cointelegraph
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