St. Louis Fed: 'Enforcing Outright Bitcoin Ban Close to Impossible'

St. Louis Fed: 'Enforcing Outright Bitcoin Ban Close to Impossible'

David Andolfatto, Vice President of the Federal Reserve Bank of St. Louis, is not quick to dismiss Bitcoin. Vice President of the Federal Reserve Bank of St. Louis David Andolfatto released a report on Bitcoin (PDF) yesterday, and it gave the Bitcoin community another peak into what financial regulators really think about cryptocurrency. The report is 36 pages long, but one of the most interesting slides in the report has to do with Bitcoin's effect on taxation. It talks about how the recent IRS ruling could limit the bitcoin's attractiveness as a currency, but the St. Louis Fed also....


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