Fed’s Neel Kashkari on Bitcoin: There are no legitimate use cases yet in advanced democracies.

Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, expressed concern about consumer risks posed by “fraud, hype and confusion” surrounding Bitcoin. Moreover, he said that although cryptocurrencies have been around for more than a decade, “there are still no legitimate use cases in developed democracies.” ‘I’m worried (…)