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.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Circuits of Value (COVAL) íà Currencies.ru

$ 0.0233692 (-0.24%)
Îáúåì 24H $1.024m
Èçìåíåèÿ 24h: -2.10 %, 7d: -10.57 %
Cåãîäíÿ L: $0.0232661 - H: $0.025041
Êàïèòàëèçàöèÿ $41.71m Rank 648
Öåíà â ÷àñ íîâîñòè $ 0.00388293 (501.84%)

value money laundering cryptocurrencies great store risk

Èñòî÷íèê: bitcoints.com

value money → Ðåçóëüòàòîâ: 68


Ôîòî:

The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16


Ôîòî:

Uber Angel Investor Believes Bitcoin Will ‘Solve Biggest Problems With Fiat’

Early Bitcoin investors continue to bet on Bitcoin’s potential. For example, angel investor Jeffrey Wernick started investing in the “the currency of the people,” as he calls it, in 2009. Wernick believes that Bitcoin’s formidable power resides in the fact that its value “comes from its ability to solve the biggest problems with fiat money.

2018-7-12 11:00


Binance Loses its Trading Spot to Two New Exchanges

The past 24-hours has seen a surge in trading value with two new cryptocurrency exchanges surpassing Binance with a distinctively larger trading volume. According to data from coinmarketcap, the two platforms seem to be giving Binance a run for its money as they both overthrew the world’s leading cryptocurrency trading platform whose trading volume in […] The post Binance Loses its Trading Spot to Two New Exchanges appeared first on ZyCrypto.

2018-6-27 23:19


Ôîòî:

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

Goldman Sachs CEO Lloyd Blankfein reiterated his positive stance on cryptocurrencies in an interview with Bloomberg at the Economic Club of New York, June 19. Addressing the evolution of money, Blankfein pointed out the common features between paper money and crypto, apparently implying that they both do not have intrinsic value. But based on everything

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


Ôîòî:

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


äàëüøå åùå 19 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k

Monitoring liquidation levels is crucial during periods of price volatility, as they indicate where significant price movements can occur due to forced sell-offs or buy-ins.  Tools like Coinglass’s liquidation heatmap are invaluable as they visually represent where the market holds large amounts of leveraged positions, identifying potential price points where forced liquidations will occur if […] The post Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k appeared first on CryptoSlate.

The Rise of Crypto Options and Structured Products

Retail dominance of crypto trading and the lack of institutional infrastructure and participation has led to imbalance in the structure of the options market. Here’s how we can address these challenges, says Abdulla Kanoo, Co-Founder of ARP Digital.