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Fed’s Powell and BoE’s Bailey say laws need to adjust to boom in crypto
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Central banks should not stand in the way of technological change.
That's according to Bank of England governor Andrew Bailey and Jerome Powell, chair of the US Federal Reserve. Speaking during a panel at the Bank for International Settlements Innovation Summit, Bailey said that while the Bank’s public objectives of safeguarding public interest remain unchanging, it also needs to understand how new technology may affect those objectives.
“We're...
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