Fed's Quarles warns that bitcoin poses 'serious financial stability issues' as it grows

The more popular bitcoin and other cryptocurrencies become the more danger they pose to the financial system, new Federal Reserve Governor Randal Quarles warned in a speech Thursday. On the same day bitcoin prices plunged after a massive rally, the central bank official cautioned about the growth...
Fed's Quarles warns that bitcoin poses 'serious financial stability issues' as it grows