Journal Article

There are two sides to every coin—even to the bitcoin, a virtual currency

Abstract: Central to Bitcoin is its independence from any institution or government, allowing anyone to engage in a direct transaction at a low cost. So, what exactly is it, and how does it work?

Keywords: Monetary policy; Money;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2013

Issue: October