Federal Reserve Bank Stands Prepared to Study ‘Collapse of the Bitcoin Market’

When the Federal Reserve conducts stress tests to measure risk in the U.S. financial markets, it may study “extraordinary” events like a “collapse in the Bitcoin market.” Indeed, the U.S. central bank has recognized Bitcoin as potentially being a “salient risk” to the market at-large. Since the 2009 Great Recession, the Federal Reserve has been constantly on the prowl for detecting where the next economic meltdown might occur. Congress and the Obama Administration passed the Dodd-Frank Act, which made it a law for the Fed to run these stress tests moving forward. ‘Salient Risks’ According to a new policy rule

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