Brief
- The conference will examine stablecoins, tokenized assets, AI for payments and defi.
- Governor Christopher Waller said that innovation has been “constant” to meet the needs of consumers and business.
- The event is added to a fourth quarter policy calendar wrapped alongside other DRI, CFTC, BIS and MAS initiatives.
The Board of Directors of the Federal Reserve announcement On Wednesday, he will organize a conference on payments innovation on October 21, emphasizing emerging technologies in American payment systems.
The event will bring together regulators, academics and participants in the industry to discuss the means “to innovate and improve the payment system”, according to the announcement.
“Innovation was a payment constant to meet the changing needs of consumers and businesses,” said the Governor of the Federal Reserve, Christopher J. Waller, in a statement.
The conference is positioned to bring together “ideas on how to improve the safety and efficiency of payments, and hearing those who help shape the future of payments,” added Governor Waller.
The event will include group discussions on the convergence of traditional and decentralized finances, new cases of using stables, the intersection of intelligence and artificial payments and the tokenization of financial products and services.
It will be broadcast live on the website of the Federal Reserve, with more details to announce. Decipher contacted the central bank for more details.
The inclusion of stablescoins and tokenization in a single conference table connects to the way Fed and regulators consult digital assets via the same political objective as traditional payments.
He “raises the bar of the dialogue of global policy” and shows that “these instruments are no longer marginal experiences but basic parts of the pile of payments,” said Jakob Kronbichler, co-founder and CEO of the Clearpool chain chain, said Decipher.
“Priority is now clarity: rules that recognize stables as regulation assets and create consistent standards for token credit and liquidity markets,” said Kronbichler, adding that clear unified rules are necessary for chain financing solutions to “evolve without fragmentation”.
Asked about the role of AI in payments, Kronbichler said that technology “moves in the heart of payments” through use cases such as fraud identification, credit assessment and risk management.
“Regulators do not need to reinvent the wheel, but they need rules that make the models explained and testable, with clear governance and integrated human surveillance,” he said.
Last month, the Combo Futures Trading Commission advanced its own “Crypto sprint,,“When he assesses the custody, the retail trade with leverage and the protections of consumers. It is now in its public consultation phase, which takes place until October 20.
The announcement of the FED October conference follows a dry joint and CFTC statement Monday, which sought to clarify how recorded exchanges can list certain punctual cryptography products, including retail trades with leverage, as part of their crypto and crypto sprint sprint initiatives.
This decision, presented as a regulatory clarity and an advanced market choice, comes a few weeks before political dialogues and pilots of the Monetary Authority of Singapore and the Bank for international establishments.
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