Posted by on December 3, 2017 11:54 pm
Categories: Shorter Leash Top Stories

Fed Spokesman Warns Against Cryptocurrencies, Suggests Banks As Solution

In a speech during the Financial Stability and Fintech Conference, Vice Chairman of Supervision, Randal K. Quarles made it clear that the Federal Reserve’s (Fed) position on cryptocurrencies is one of extreme caution. Instead, Quarles suggests that the government partner with current banking systems to create solutions in response to the digital payment wave.