FedCoin: When the Central Bank Copies Bitcoin

INDIO, CA - APRIL 18: Fans burn dollar bills during the King Khan and the Shrines performance at day 3 of the Coachella Valley Music  Art Festival 2010 held at The Empire Polo Club on April 18, 2010 in Indio, California. INDIO, CA - APRIL 18: Fans burn dollar bills during the King Khan and the Shrines performance at day 3 of the Coachella Valley Music  Art Festival 2010 held at The Empire Polo Club on April 18, 2010 in Indio, California.

Grassroots open market operations at the Coachella music festival.

Digital currency advocates were invited to a private gathering in Washington with central bankers, convened by the Federal Reserve, the International Monetary Fund and the World Bank, as Bloomberg reported. At an event opened by Fed Chair Janet Yellen, central bankers at the most powerful state-backed financial institution in the world took part in an extended conversation with digital currency entrepreneurs and advocates, indicating the slow growth in credibility for technology in the bitcoin ecosystem.

While bitcoin has been declared dead

Read more ... source: TheBitcoinNews

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