Federal Reserve Governor Bowman: Perspectives on Artificial Intelligence and Cryptocurrency Are About to Change
According to ChainCatcher, citing Jinshi News, Federal Reserve Governor Bowman stated that banks and regulators must embrace the benefits of new technologies such as artificial intelligence and cryptocurrencies, or risk seeing their roles in the economy diminished. She emphasized that, ideally, regulators should allow new applications to flourish in ways that benefit the banking system, and called on the industry to help regulators better understand the potential of blockchain and digital assets. Bowman also hinted that new rules may be introduced to reduce regulatory scrutiny related to reputational risk.
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