The Federal Reserve Officer says that employees should be allowed to keep coding star-news.press/wp

The Federal Reserve Supreme Regulatory Officer says that employees from the US Central Bank must be allowed to invest a small amount of encryption to help them understand technology.

Vice President of the Federal Reserve for Supervision Michel Bowman He said At the Blockchain event in Wyoming on Tuesday, the organizer must allow its employees to “obtain quantities of encryption or other types of digital assets so that they can achieve a practical understanding of basic functions.”

She added, “We will soon create a framework to supervise the exporters of these assets.”

“There is no alternative to experience and understanding how the ownership and transportation process flows.”

Currently, most federal reserve staff and their husbands are prevented from having encryption or encryption products, such as boxes or stocks traded on the stock exchange in encryption companies.

The Federal Reserve stressed its rules on all investments in early 2022 after it was revealed that three senior officials had an extraordinary commercial activity in 2020, as the organization took measures to support the American economy in the first days of Covid-19 epidemic.

Allowing encryption can help employ and make rules

Bowman said that the restrictions of investment of employees in the Federal Reserve “may” be an obstacle to employing and preserving examiners through the necessary experience, “and the dilution of the bases will help the current employees better understand technology.

“Certainly I will not trust someone to teach me skiing if they have never put skipper, regardless of the number of books and articles they read, or even wrote.”

Buman urges not to “stand”

In her speech, Bowman said that the banking organizers have a “very cautious mentality” and urged them to be less skeptical about new financial products and “identify the benefit and need to adopt technology in the traditional financial sector.”

She said that some bankers are concerned that Blockchain technology threatens traditional business models, but this technology can “change the banking system regardless of how banks and organizers choose to respond.”

She added: “We must choose whether the change will be adopted and assisted in shaping a reliable and permanent framework – guaranteeing safety and safety and integrating the benefits of both efficiency and speed – or allowing new technology to completely transcend the traditional banking system.”

“From the point of view of the organizer, the choice is clear.”

Related to: For the first time in the group of defense of a new encryption at the Wyoming Summit

Bowman said she realized the risks in adopting new technology, but could be compensated or “at least designed to be manageable when we learn about the new benefits that are likely to be widely for new technology.”

Trump’s friend’s batch for encryption

Powman has not specified the types of encryption products or what are the amounts that you suggest in the federal reserve, but her comments are the latest friendly statements of encryption that the organizers took under Trump’s management.

On Friday, the Federal Reserve said it would finish a program to supervise the activities related to encryption and Blockchain carried out by the banks, which was established by the Biden administration in 2023.

Trump also signed an executive order earlier this month directing banking organizers to investigate Debanking claims made by the encryption sector and conservatives.

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