Sunday, 14 December 2014

Instead of Fighting Bitcoin, the US Could Make Its Own Digital Currency

Instead of Fighting Bitcoin, the US Could Make Its Own Digital Currency


The US government has been seriously studying bitcoin for about two years now. The FBI knows how to seize the digital currency. The Marshal’s Service knows how to sell it. The IRS knows how to tax it. And now, the Federal Reserve should copy it. So says James Angel, a professor of economics at Georgetown University. He thinks the government should create what he calls “bitdollar,” a bitcoin-like digital currency that’s backed by the US dollar.

Read more: http://ift.tt/1wP7GIE

No comments:

Post a Comment