Bitcoin Slides as Fed Studies Issuing a Cryptocurrency

0
12
Published by
The Street

By Tom Bemis Central bank says it won’t act to create a cryptocurrency without support from Congress and the White House. The Federal Reserve released a study late Thursday raising the possibility of issuing a cryptocurrency and asking for public comments on the idea, but making clear that it wouldn’t act without support from Congress and the White House. Prices for bitcoin fell sharply late Thursday, losing nearly $2,000 to $39,864.75 in recent activity. The study, which had been delayed several times said that a central bank digital currency, or CBDC, “could potentially offer a range of bene…

Read More