“The U.S. is studying the potential risk from online payment mechanisms like PayPal and Bitcoin, a top US Federal Reserve official told an international conference on Monday. Some bankers have expressed worries that newer players in the online marketplace could have negative implications for the financial system. ‘We have been talking… with banking organisations over the last year or two, trying more carefully to understand what the concerns are with these new payment mechanisms,’ Federal Reserve Vice Chair Janet Yellen said. Some officials fear the virtual currency can be used by criminals or terrorists, or could be vulnerable to hackers.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Judge calls D.C. police officer charged with child sexual abuse a ‘danger’
Down and out: the French flee a nation in despair
Girl Scouts auction off plantation amid financial troubles
Forget premiums: A peer-to-peer network will cover you
'More profitable than cocaine': Peru is top source of counterfeit US cash
Grand jury indicts police officer who killed unarmed man seeking help
Supreme Court to decide whether police can take your blood without your permission
Chicago Cop Issued 200 Fake DUI Tickets To Meet Quota And Rack Up On Overtime
Mass protest in Japan against U.S. hybrid aircraft
Arkansas man gets prison term for smuggling paddlefish 'caviar'
Pa. Man Barters With Bacon for Cross-Country Trip
Ron Paul: We're Broke and Already Over Fiscal Cliff - Bloomberg 11/08/2012
Ireland is the poster-child of EMU cruelty and folly
Record labels ask UK broadband providers to collect data on illegal downloads
As marijuana goes legit, investors rush in