27 Feb '14, 5pm

YELLEN: Fed Has No Authority To Regulate Bitcoin

YELLEN: Fed Has No Authority To Regulate Bitcoin

REUTERS/Joshua Roberts U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmation hearing on her nomination to be the next chairman of the U.S. Federal Reserve, on Capitol Hill in Washington November 14, 2013. Fed Chair Janet Yellen was just asked by West Virginia Senator Joe Manchin about Bitcoin. Yesterday, Manchin sent a letter to the heads of the government's financial regulatory bodies warning of Bitcoin's potential for criminal abuse and the possibility for disrupting the economy. Here is how Yellen responded: "Bitcoin is a payment innovation that's taking place outside the banking industry. To the best of my knowledge there's no intersection at all, in any way, between Bitcoin and banks that the Federal Reserve has the ability to supervise and regulate. So the fed doesn't have authority to supervise or regulate Bitcoin in a...

Full article: http://www.businessinsider.com/yellen-on-bitcoin-2014-2

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Fed Doesn't Have Authority to Regulate Bitcoin,...

nationaljournal.com 27 Feb '14, 7pm

The Federal Reserve Board doesn't have the authority to regulate bitcoin, Fed Chair Janet Yellen said Thursday. "To the be...

Janet Yellen on #bitcoin: The Fed doesn’t have authority to regulate it in any way.

Janet Yellen on #bitcoin: The Fed doesn’t have ...

blogs.wsj.com 27 Feb '14, 5pm

“The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way,” Ms. Yellen said Thursday...

Janet Yellen: Federal Reserve has no authority to regulate Bitcoin

Janet Yellen: Federal Reserve has no authority ...

theguardian.com 27 Feb '14, 6pm

The Federal Reserve has no authority to supervise or regulate Bitcoin , chair Janet Yellen told Congress on Thursday. Test...

Fed chief Yellen: Bitcoin is beyond the jurisdiction of the Federal Reserve

Fed chief Yellen: Bitcoin is beyond the jurisdi...

news.cnet.com 27 Feb '14, 6pm

Federal Reserve chief Janet Yellen. (Credit: BRENDAN SMIALOWSKI/AFP/Getty Images) If Bitcoin owners were hoping for regula...

New Fed Chair: We Don't Have Authority on Bitcoin

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mashable.com 27 Feb '14, 5pm

The new Federal Reserve chairwoman Janet Yellen believes her organization has no authority to regulate Bitcoin , Yellen sa...

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reuters.com 27 Feb '14, 6pm

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mashable.com 26 Feb '14, 9pm

Dear Secretary Lew, Chairwoman Yellen, Commissioner Curry, Acting Chairman Wetjen, Chairman Gruenberg, Chairwoman White: I...

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news.cnet.com 26 Feb '14, 8pm

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