The Financial Stability Oversight Council (FSOC), a group of United States regulators, highlights blockchain technology and bitcoin as threats to financial stability in its annual report published this Tuesday, reports CoinTelegraph. The report lists bitcoin and the blockchain under the section titled “Potential Emerging Threats and Vulnerabilities.”
Specifically, the report discusses bitcoin and blockchain technology under the umbrella of distributed ledger technologies. The report highlights some advantages of distributed ledgers, including the replacement of manual reconciliation and increasing market transparency.
https://coinreport.net/financial-stability-oversight-council-sees-bitcoin-threat-financial-stability/
Topic: [2016-06-23] Financial Stability Oversight Council sees bitcoin.......... (Read 202 times)
June 22, 2016, 08:34:18 PM
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