IMPORTANT STATEMENTS FROM THE US FEDERAL RESERVE REGARDING GOLD AND DIGITAL CURRENCIES
Mary Daly, President of the Federal Reserve Bank of San Francisco, said cryptocurrencies are not the same as gold.
She highlighted that people often compare cryptocurrencies and gold, but they are different.
Daly emphasized the need to clearly understand and define cryptocurrencies based on their actual use and value.
She suggested categorizing cryptocurrencies accurately as a currency, exchange tool, or asset that can gain or lose value.
