🏦 Federal Reserve VP describes the limits of cryptocurrency partnerships
Jim Cunha, the vice president of treasury and financial services at the Boston Federal Reserve, spoke at the Forbes 30 Under 30 Summit about the limits of cryptocurrency partnerships. The biggest obstacle Cunha says central banks face when it comes to embracing the speed and borderlessness of blockchain isn’t technological but rather, the uncertainty about the security of the organizations building blockchain. Many developers have opted to remain pseudonymous, and scams involving the technology have proved to be a successful way to make money on the technology.
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