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RE: Signs Of Crypto Market Life Spotted; US Fed Surprisingly Rejects Argument Bitcoin "Unbacked" (At Least, More Than $)
Can you provide a link to the source of that fed statement? I'm not able to find it with some Google searching.
Michael Lee and Antoine Martin, economists in the New York Fed’s Money and Payment Studies function, "...have been following cryptocurrencies and agreed to answer some questions about digital money. "
http://libertystreeteconomics.newyorkfed.org/2018/02/hey-economist-what-do-cryptocurrencies-have-to-do-with-trust.html
Here is some further reading from ZH:
https://www.zerohedge.com/news/2018-02-09/ny-fed-dystopian-world-bitcoin-would-dominate-payment-methods