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Professor David Yermack comments on the Federal Reserve's research paper on distributed ledgers

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Excerpt from CoinDesk -- "The 'very general introduction to the structure of payment systems and the potential uses of distributed ledgers', he continued, 'barely mentions any role for the government, other than the need to consider whether new regulations will be required to fit the potential uses of the technology. ... I think the report is a useful reference but hardly a roadmap for how the industry might evolve,' Yermack added."

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