GAO: Fed should review regulations, tackle blockchain security in central bank modernization
The Government Accountability Office says the Federal Reserve should scrutinize regulations and address blockchain security issues as it modernizes the central bank.
A Government Accountability Office report says the Federal Reserve needs to scrutinize regulations and confront security concerns in blockchain technology as part of central bank modernization efforts. The GAO urges the Fed to examine regulatory frameworks and cybersecurity risks related to blockchain to support a secure modernization process.