Fresh off a failed bid to join the Fed board, Stephen Moore is reportedly starting a central bank for crypto

Business Insider Australia | Jun 25, 2019 at 2:05 PM
  • Stephen Moore thinks he has the answer to fixing volatility in the cryptocurrency market.
  • The goal of the bank is to balance the volatility in the crypto markets by controlling the supply of cryptocurrencies similarly to how the Fed oversees the supply of money in the US.
  • The bank will be called “Decentral” and will trade its own tokens for other cryptocurrencies.