Federal Reserve Bank of St. Louis To Track Four Cryptocurrencies

Investing, News, Regulation | June 22, 2018 By:

The Federal Reserve Bank of St. Louis will track four cryptocurrencies on their research database, according to a post on the bank’s website.

The Federal Reserve Economic Data (FRED), will now include the prices of bitcon, Bitcoin Cash, ether and Litecoin from 2014 to the present. Prices will be updated daily with data obtained from the Coinbase exchange.

The Federal Reserve Bank of St. Louis has been pro-crypto and blockchain with some of its leaders noting that cryptocurrency may someday be a threat to the dollar’s rule.