NEW YORK : Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank has no desire to be involved in any government effort to hold large amounts of bitcoin. "We’re not allowed to own bitcoin," Powell said at a press conference following the latest Federal Open Market Committee mee

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Fed can't hold bitcoin, not seeking to change that, Powell says

Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.

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United States

Bitcoin drops after Powell says Federal Reserve 'not allowed' to own the cryptocurrency

Government of Singapore

His comments dented the value of Bitcoin, which has soared since Trump’s victory in the Nov 5 election.

The Straits Times

Singapore Press Holdings

Powell says Fed cannot hold Bitcoin, not seeking to change that

Federal Reserve's Stance on Bitcoin: Powell Speaks Out  Federal Reserve Chairman Jerome Powell has made it clear that the U.S. central bank is not interested in holding the cryptocurrency Bitcoin. This statement comes amid discussions about whether the Trump administration might consider accumulating some form of government-owned Bitcoin stock.During a recent press conference following the latest Federal Open Market Committee meeting, Powell sta…

Devdiscourse

India

Federal Reserve's Stance on Bitcoin: Powell Speaks Out

NEW YORK: Federal Reserve Chair Jerome Powell said on Wednesday the US central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
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New Strait Times

Media Prima

Malaysia

Powell says Fed cannot hold bitcoin, not seeking to change that

Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift. Why the Federal Reserve Can’t—and Won’t—Hold Bitcoin Anytime Soon Federal Reserve Chair Jerome Powell reiterated the central bank’s stance on bitcoin during a press conference Wednesday, following a rate […]

Bitcoin.com

Fed Rules out BTC Reserves: 'We're Not Allowed to Own Bitcoin' – Featured Bitcoin News

The draft executive order by the Bitcoin Policy Institute seeks to extend the conversations regarding the U.S. establishing a strategic bitcoin …

Cryptocurrency News | Cryptocurrency Prices | Market Cap

Bitcoin Policy Institute Drafts Executive Order for US Strategic Bitcoin Reserve

Federal Reserve chair Jerome Powell reiterated the bank’s position on a Bitcoin reserve from an existing legal perspective.

http://coinprofitnews.com

Powell: Fed not allowed to own Bitcoin

The draft executive order by the Bitcoin Policy Institute seeks to extend the conversations regarding the U.S. establishing a strategic bitcoin reserve. Establishing Bitcoin as a National Asset for Americans The Bitcoin Policy Institute has drafted an executive order for President Trump‘s consideration aimed at establishing a strategic bitcoin reserve. The draft executive order seeks […]

Kryptonite to Crypto - All Explained

The post Federal Reserve Chairman Jerome Powell Clarifies Bitcoin Ownership Restrictions Amid Strategic Reserve Discussions appeared on BitcoinEthereumNews.com. The U.S. Federal Reserve’s stance on Bitcoin reserves reveals the complexities of cryptocurrency regulation amidst evolving political support. During a recent press event, Fed Chair Jerome Powell clarified that the Federal Reserve is legally prohibited from owning Bitcoin, despite rising…

Fed can't hold bitcoin, not seeking to change that, Powell says

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