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Fed's Yellen: Blockchain, the technology used in Bitcoin, is an important new technology

Fed's Chairwoman Janet Yellen added at today’s speech (via Reuters) from the Commonwealth Club in San Francisco, California:

  • Says blockchain, the technology used in bitcoin, is an important new technology
  • Fed is working very hard to protect core systems like fed wire from cyber threats
  • Fed has never faced a major cyber breach that affects core system

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