The FSOC includes the Federal Reserve, the Securities and Exchange Commission and the Treasury Department. The Council is charged with identifying risks to the financial stability of the United States, promoting market discipline, and responding to emerging risks to the stability of the financial system.
In its annual report [PDF] on the financial stability of the U.S. financial system, the group highlighted, for the first time, its concerns about digital currencies.
Bitcoin has gained favor as an alternative to currencies that central banks manage on behalf of governments since its functions as a decentralized database for transactions without governing institutions.
https://www.cryptocoinsnews.com/us-regulator-bitcoin-financial-stability/
Topic: [2016-06-22] Powerful U.S. Regulator Sees Bitcoin as a Possible "Threat" (Read 305 times)
June 22, 2016, 02:43:37 AM
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