{"id":346634,"date":"2021-10-01T00:05:10","date_gmt":"2021-09-30T21:05:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/feds-powell-has-no-intent-to-ban-bitcoin-or-crypto\/"},"modified":"2021-10-01T00:05:10","modified_gmt":"2021-09-30T21:05:10","slug":"feds-powell-has-no-intent-to-ban-bitcoin-or-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/feds-powell-has-no-intent-to-ban-bitcoin-or-crypto\/","title":{"rendered":"# Fed\u2019s Powell has no intent to ban Bitcoin or crypto"},"content":{"rendered":"<p>&#8220;<strong># Fed\u2019s Powell has no intent to ban Bitcoin or crypto  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNGU5YTQ4YTctNzY0Yi00YzQzLWJhZjItNDM4MjE2ZDQwNDAwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Federal Reserve Chairman Jerome Powell believes the federal government needs to regulate the cryptocurrency market, but that a blanket ban on Bitcoin (BTC) and other digital assets is not in the cards.<\/p>\n<p>Speaking in response to a question from Republican Representative Ted Budd of North Carolina, Powell clarified that a China-style ban on digital assets was not something he\u2019s considering. Rep. Budd\u2019s question came in response to Powell raising doubts about the regulatory status of stablecoins and the central bank\u2019s ongoing deliberations around a so-called \u201cdigital dollar.\u201d (In Powell\u2019s view, a central bank digital currency, or CBDC, could perform many of the functions of stablecoins and cryptocurrencies but without the regulatory risk.)<\/p>\n<p>\u201cStablecoins are like money market funds [and] like bank deposits but they\u2019re, to some extent, outside the regulatory perimeter and it\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriate they be regulated,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LilMoonLambo\/status\/1443618357723418630?s=20\">said<\/a>. \u201cSame activity, same regulation.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Fed Chair Powell says he has no intention to ban <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and cryptocurrencies <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/i2zfRPk1je\">pic.twitter.com\/i2zfRPk1je<\/a><\/p>\n<p>\u2014 LilMoonLambo (@LilMoonLambo) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LilMoonLambo\/status\/1443618357723418630?ref_src=twsrc%5Etfw\">September 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><strong><em>Related: <\/em><\/strong><strong><em>Countries representing over 90% of global GDP are exploring CBDCs<\/em><\/strong><\/p>\n<p>A central bank digital currency has been on the Fed\u2019s radar for some time, but policymakers remain undecided on whether to pursue the project. In the meantime, the central bank has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newyorkfed.org\/medialibrary\/Microsites\/fmlg\/files\/2021\/regulating-digital-currencies\">commissioned<\/a> several research reports on the advantages and potential roadblocks of issuing a CBDC.<\/p>\n<p>Powell oversees the central bank\u2019s Federal Open Market Committee, which is responsible for setting United States monetary policy. Earlier this month, the Committee decided to leave its existing stimulus programs intact but said that the pandemic-induced bond purchase program could be winding down soon. The warning appears to have put some downward pressure on risk assets, which includes stocks and cryptocurrencies. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fed-s-powell-has-no-intent-to-ban-bitcoin-or-crypto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Fed\u2019s Powell has no intent to ban Bitcoin or crypto &#8221; Federal Reserve Chairman Jerome Powell believes the federal government needs to regulate the cryptocurrency market, but that a blanket ban on Bitcoin (BTC) and other digital assets is not in the cards. Speaking in response to a question from Republican Representative Ted Budd&#8230;<\/p>\n","protected":false},"author":1,"featured_media":346635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNGU5YTQ4YTctNzY0Yi00YzQzLWJhZjItNDM4MjE2ZDQwNDAwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75046,74863,70550,70934],"class_list":["post-346634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cbdc","tag-cryptocurrencies","tag-federal-reserve","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/346634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=346634"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/346634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/346635"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=346634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=346634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=346634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}