Expected Next In Line Fed President Claims Bitcoin Doesn’t Pass Test for a Currency

The current head of the San Francisco Federal Reserve Bank has become the latest to speak out against bitcoin and cryptocurrencies, claiming that they don’t pass the test for a currency.

Cryptocurrencies Fail Test

Speaking during a speech on Friday, John Williams, named to take over from William Dudley as the New York Federal Reserve president in June, argued that ‘cryptocurrency doesn’t pass the basic test of what a currency should be.’ According to Williams, a currency should...

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