The Impact of Block Chains on Financial Stability in the Federal Reserve Bank of Philadelphia


nnnThe Federal Reserve Bank of Philadelphia will meet at the end of this month to explore the impact of block chains on financial stability. Representatives of the Federal Reserve Bank of Boston and other institutions will participate in the discussion of Bitcoin, block chain and encrypted currency theme. The conference plans to publish four research reports, including Bitcoin Price Regulatory and Smart Contracts.n
nnTranslation: Annie_Xun
nThe Federal Reserve Bank of Philadelphia will meet at the end of this month to explore the impact of block chains on financial stability.n
nThe US central bank branch will be the United States financial and economic journals (Journal of Economics and Business) organization meeting, the time is September 28-29. The block chain and the encrypted money agenda are arranged in the second half of the day, “Bitcoin, Blockchain, and Cryptocur”, and the senior vice president of the Federal Reserve Bank of Boston President Cunha, Managing Director of Clearing House William Nelson.n
nIt is noteworthy that the central bank has previously mentioned the impact of the chain chain on financial stability, in addition to central bank officials, as well as the Financial Stability Board (FSB).n
nBut the meeting agenda that pointed out that the problem has not yet answered.n
nThe Philadelphia Federal Reserve Bank wrote:n
nn”Block-chain technology, which was initially used for Bitcoan transactions, has the potential to transform the financial sector, and many countries (including Sweden, South Korea and China) are already exploring the possibility of issuing digital money, and it is unclear whether the field will continue to develop Because it has not experienced a complete business cycle), and what impact it will have on monetary policy and financial stability. “n
nnThe meeting will publish four research reports, including “Bitcoin Price Regulation, Block Chain Change and Smart Contracts” and other topics.n

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