Powell says Fed cannot hold bitcoin, not seeking to change that
Bitcoin
NEW YORK: Federal Reserve Chair Jerome Powell said on Wednesday (Dec 18) the US central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin. "We're not allowed to own bitcoin," Powell said at a press conference following the Fed's latest two-day policy meeting, in which policymakers cut rates as expected while signalling a less certain path for monetary policy in the months ahead. In terms of the legal issues around holding bitcoin, "that's the kind
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