The lols will continue until the Fed is irrelevant.
"I caution against solutions that could disrupt and disintermediate the banking system, potentially harming consumers and contributing to broader financial stability risks. And, where the activity happens outside the regulatory perimeter, consumers would be left without the adequate protections that our regulated and supervised banks provide today in the United States."
https://www.federalreserve.gov/newsevents/speech/bowman20231017a.htm
I caution against solutions that will tax income
amazing. and even those who would not prefer their "protections" will be forced to use them, as they are not optional. the money mafia gets their cut no matter what.
I, for one, will trade certain consumer harm for potential consumer harm any day.
"this technology would introduce risks and complexities that do not exist today because a shared ledger might allow central bank money to circulate on a platform that is not owned and operated by the central bank."
Risks of no influence capability...
