The article should start off with
“Putting up a brave face…”
Hehehe…
Bitcoin and Other Cryptocurrencies Not Significant Threats – Says US Federal Reserve Chairman
While a good number of central banks see bitcoin and other cryptocurrencies as significant threats to their survival, the United States Federal Reserve Chairman, Jerome Powell, said on July 18, 2018, that the exponential growth in the price of bitcoin and the increasing adoption of cryptos doesn’t bother him.
The Fed Won’t Regulate Digital Currencies
According to a Bloomberg report, US Federal Reserve Chairman, Jerome Powell, firmly believes that the burgeoning virtual currency ecosystem doesn’t have what it takes to pose a threat to the country’s finance system. During testimony before the House Financial Services Committee on July 18, the highly reputed Republican and alumnus of Princeton University made it clear that there are more significant issues on the Fed’s table than blockchain-based digital currencies.
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