Federal Reserve President Claims Cryptocurrencies Solve An ‘Important Social Problem’

St. Louis Federal Reserve President James Bullard told reporters on Friday that cryptocurrencies will cause a significant shift in the U.S. financial system. In fact, at its current pace, the cryptocurrency revolution may end up normalizing non-uniform currency relations. Within the modern nation-state system, it’s always been tradition that governments Read more…

German Central Bank Comes Out in Favor of Libra

The German central bank chief Jens Wiedmann said in a recent statement to the press that Facebook’s Libra could be “attractive to consumers.” Although most central banks have been hesitant and sometimes outright dismissive towards Facebook’s planned cryptocurrency, Germany’s central bank chief feels differently. “There’s no reason to be alarmed,” Read more…

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