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Federal Reserve Just Officially Decried Bitcoin As “Not Backed”

By: Jeffrey A. Tucker /FEE — Randal K. Quarles, a Trump administration appointee to the Federal Reserve Board of Governors and Vice Chair for bank supervision, has given a lengthy speech (“Thoughts on Prudent Innovation in the Payment System”) that directly targets Bitcoin as a danger to the monetary and financial system. To reiterate, an official speaking for the nation’s […]

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