St. Louis Fed Sees no Point in Central Banks Creating Monopoly Cryptocurrencies

In the world of cryptocurrency, there is a fair amount of competition as of right now. Until very recently, it seemed central banks would get in on the action as well, yet they have decided not to pursue this option any longer. A new report by the St. Louis Fed states that cryptocurrency developers are “welcome to create anonymous forms of money”. It’s a surprising line in an otherwise standard report. Anonymous Cryptocurrencies Get Positive Remarks Truth be told, the report by the St. Louis Fed is pretty interesting. It touches upon the concept of cryptocurrencies and how central banks should play no