Officials at the Federal Reserve haven’t necessarily been jumping for joy when the topic of bitcoin is brought up. Instead, most experts at the United States central bank usually dismiss the digital currency as nothing more than a flash in the pan and something for criminals. Not for … [Read more...]
Federal Reserve official warns bitcoin threatens central banks – and that’s a good thing
Last week, David Andolfatto, St. Louis Federal Reserve Vice President and Director of Research, published an in-depth presentation on the peer-to-peer decentralized currency bitcoin. This is the first time that such a high level central banking official has studied the cryptocurrency … [Read more...]
It may not be long before central banks enter the digital currency market
Central banks worldwide have been quick to dismiss bitcoin and other cryptocurrencies as legitimate currencies. Instead, they view them as any other asset and they would be either subjected to a value added tax (VAT) or capital gains. However, central banks themselves might enter into … [Read more...]
Japan authorities looking at possible intervention after Mt. Gox implosion
Since the triumphant ascension of the cryptocurrency industry, its proponents have long urged the federal governments and the central banks of the world to stand back, refrain from regulations and just mind their own business. However, things might have changed after Tuesday's … [Read more...]
