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Bitcoin is a digital currency that enables users to make payments and transfers without the need for a central bank or other financial intermediary. It is a decentralized, peer-to-peer system that is powered by its users with no central authority or middlemen. Transactions are verified by network nodes through cryptography and recorded in a public … Read more

Banks To Innovate With Caution On Crypto-Asset-Related Activities – Fed Official

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A Federal Reserve official has warned banks to be cautious when innovating with crypto-asset-related activities. The official noted that banks should be aware of the risks associated with these activities, such as money laundering, fraud, and cyber security. He also noted that banks should ensure that they have the necessary systems and controls in place … Read more