Vice Chairman of Supervision for the Federal Reserve, Randal K. Quarles, made it clear that the Federal Reserve’s position on cryptocurrencies is one of extreme caution, but suggests that banks may be the best solution for digital payments.
Fed Spokesman Warns Against Cryptocurrencies, Suggests Banks As Solution
Vice Chairman of Supervision for the Federal Reserve, Randal K. Quarles, made it clear that the Federal Reserve’s position on cryptocurrencies is one of extreme caution, but suggests that banks may be the best solution for digital paym…