US Federal Reserve investigating online banking potential risks
The United States Federal Reserve is studying the impact of online payment options such as PayPal and Bitcoin to determine potential risks associated with them. The Bitcoin community is apprehensive following recent comments of Federal Reserve Vice Chair Janet Yellen, who said, "We have been talking at the Fed and with banking organizations, trying to more carefully understand what the concerns are with these new payment mechanisms". While that comment was made in response to a question regarding regulatory scrutiny over online payment providers such as PayPal, Bitcoin users are fearful,....
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