Bitcoin and Beyond: The Possibilities and the Pitfalls of Virtual Currencies
March 30, 2014
In recent months, Bitcoin and other virtual currencies have fueled the public's imagination as Bitcoin's value against the U.S. dollar skyrocketed and as more and more merchants announced they would begin accepting it as payment. However, the exchange-based and non-regulated nature of virtual currencies makes them vulnerable to volatility and speculative trading and has led to the perception they can be easily used for illegal transactions. Several countries have either banned their use or issued warnings.
This popular lecture series addresses key issues and provides the opportunity to ask questions of Fed experts. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.
Ellen Amato | 314‑202‑9909