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A member of the federation: Betquin poses a threat to the stability of the financial system
Randall Quarles said in a speech on Thursday that although digital currencies do not pose serious concerns at current levels of use, they could cause serious issues about the stability of the financial system if they are traded on a large scale.
Pitcairn was above $ 11,000 on Wednesday, the highest level in the history of the currency since trading began in 2009.
If currencies are not traded at a fixed rate against the dollar during difficult times, the resulting price risk, potential liquidity and credit risk pose major challenges to the system, he said.
By 9:08 pm GMT, the currency of the Betquin fell by 2.4% to $ 9736.2 with a market value of $ 162.7 billion.
The total market value of electronic currencies is $ 291.17 billion.
https://www.mubasher.info/news/3195169/%D8%B9%D8%B6%D9%88-%D8%A8%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%AA%D8%B4%D9%83%D9%84-%D8%AE%D8%B7%D8%B1%D8%A7-%D8%B9%D9%84%D9%89-%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D8%B8%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A
Federal Reserve Member Randall Quarles 01 Dec 2017 12:14 AM
Direct: A member of the Fed considered electronic currencies such as Betquin pose a significant risk to the stability of the financial system as it grows.Randall Quarles said in a speech on Thursday that although digital currencies do not pose serious concerns at current levels of use, they could cause serious issues about the stability of the financial system if they are traded on a large scale.
Pitcairn was above $ 11,000 on Wednesday, the highest level in the history of the currency since trading began in 2009.
If currencies are not traded at a fixed rate against the dollar during difficult times, the resulting price risk, potential liquidity and credit risk pose major challenges to the system, he said.
By 9:08 pm GMT, the currency of the Betquin fell by 2.4% to $ 9736.2 with a market value of $ 162.7 billion.
The total market value of electronic currencies is $ 291.17 billion.
https://www.mubasher.info/news/3195169/%D8%B9%D8%B6%D9%88-%D8%A8%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%AA%D8%B4%D9%83%D9%84-%D8%AE%D8%B7%D8%B1%D8%A7-%D8%B9%D9%84%D9%89-%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D8%B8%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A
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