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Yellen: Bitcoin Can't Be Regulated

Yellen: Bitcoin Can't Be Regulated

(Washington, DC)  --  Federal Reserve Chair Janet Yellen says Bitcoin can't be regulated. 

Yellen told senators Thursday that the digital currency operates outside the banking system, and the Federal Reserve does not have the authority to supervise its development. 

Yellen was reporting the Fed's semi-annual monetary policy to the Senate banking committee.  She replaced Ben Bernanke as Fed chair earlier this month.

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