Central Banking

St Louis Fed research chief calls Bitcoin ‘stroke of genius'

bitcoin-currency

David Andolfatto, head of research at the Federal Reserve Bank of St Louis, has created a minor stir by describing Bitcoin, the virtual currency that has many monetary authorities fretting, as a "stroke of genius", adding it would be "close to impossible" to ban.

Speaking at a local event in Missouri last week, Andolfatto questioned recent efforts to restrict the use of the ‘crypto-currency', asking: "How does one slay the Hydra?"

A raft of central banks have moved to restrict the use of Bitcoin

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: