Fed Sir: Crypto No Intrins Value, Value is not a store, great for money laundering

Fed Sir: Crypto No Intrins Value, Value is not a store, great for money laundering
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-7-19 17:07

In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering.
He also dismisses the idea that cryptocurrencies could pose a significant risk to the country’s financial stability at their current size.
U.S. Representative and vice-chairman of the committee, Patrick T. Mchenry, asked Powell to outline his thinking on cryptocurrencies.
In terms of a store of value, you know, look at the volatility and…it’s just not there.
He detailed that each of the 50 states has its own requirements for crypto businesses operating locally such as obtaining a money service license.

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value money laundering cryptocurrencies great store risk

Èñòî÷íèê: bitcoints.com

value money → Ðåçóëüòàòîâ: 68


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2018-6-27 23:19


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Goldman Sachs ceo: ‘Too aloof’ to Think Crypto Won’t Work Out Since It’s ‘Curious’

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2018-6-20 15:40


Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org

Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin. Take, for example, Ripple’s mission to establish an Internet of Value: a world where money can move like information.

2018-6-17 12:50


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Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24


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