St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

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Bullard says crypto is not an entirely new idea, and that data suggests non-uniformity may not be received favorably. St. Louis Fed Chief James Bullard reportedly views cryptocurrencies as part of a global currency competition that is ultimately unhealthy. Bullard presented his views at the Central Bank Research Association 2019 annual meeting in a talk entitled “Public and Private Currency Competition.” Presentation slides have subsequently appeared on the official Twitter account for The St. Louis Fed on July 19.In Bullard’s slides, he noted that there is historical precedent for certain key features of cryptocurrency. One of his bullet points reads: “Global…
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St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

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