Federal Advisory Council Takes Notes on Bitcoin

Federal Advisory Council Takes Notes on Bitcoin

According to a new document, Bitcoin has been named a talking point by the Federal Advisory Council. The Federal Advisory Council consists of 12 representatives of the banking industry and advise the Board of Governors of the Federal Reserve System. The question "Does Bitcoin pose a threat to the banking system, economic activity, or financial stability?" was asked and the main concerns were mainly about banking, economic activity and the financial stability of Bitcoin. The notes go over how the Council doesn't believe Bitcoin is a threat to the banking system; however, it is a threat to....


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