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Fed’s Michelle Bowman warns US banks to adopt blockchain or risk irrelevance.
Financial technology is moving forward, and banks and regulators need to keep up or face decline.
Banks are already integrating blockchain, tech, even if they aren’t embracing crypto. Fed Vice Chair Bowman claims that blockchain and tokenization create significant efficiencies.Regulators will have to keep up with technological advancements, Bowman said.
🔥🙂↔️ Financial innovation is not optional...!)
