WASHINGTON, Feb 28 : The Federal Reserve has no authority to regulate or otherwise deal with the crypto-currency bitcoin, Fed Chair Janet Yellen said Thursday.
Yellen said in a Senate hearing that the banks under its regulatory purview were not involved with bitcoin, and so the Fed had no powers over its use.
"This a payment innovation that is taking place entirely outside of the banking industry," she said. — AFP
Yellen says Fed has no authority on bitcoin issues
FE Team | Published: March 01, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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