USA Today – 2/27/14: Federal Reserve Chair Janet Yellen told senators Thursday that the central bank can’t regulate troubled digital currency Bitcoin because it operates outside the banking system. “I think it’s important to understand that this is a payment innovation that’s taking place entirely outside the banking industry,” Yellen told Sen. Joe Manchin, D-WV. “The Federal Reserve simply does not have the authority to supervise or regulate Bitcoin in any way.”
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