Search
On August 19, local time, Federal Reserve Vice Chair for Supervision Michelle Bowman recommended that Federal Reserve employees be permitted to hold a limited amount of cryptocurrency. Her rationale was that such a move would bolster their regulatory prowess within the cryptocurrency financial market. Bowman emphasized that easing investment restrictions would not only aid in attracting and retaining specialized bank examiners but also enable employees to develop a profound understanding of digital assets like cryptocurrency through "minimal" personal holdings. She underscored the invaluable educational experience gained from firsthand engagement in the process of holding and transferring crypto assets. Bowman refrained from disclosing specific details, such as the amount or types of cryptocurrencies that would be permissible.
-
C114 Communication Network -
Communication Home
