Yugocean
Valued Contributor
The Federal Reserve of the United States has banned its employees from trading all forms of crypto, bonds and stocks.
Supporters of cryptos are the most annoyed and are complaining against the ban, this is because reserve officials were already restricted from investing in stocks, bonds etc. since October last year, and crypto is just included in the list on Friday (Feb 18 2022).
There has been a mixed reaction to this. Some people are justifying it, and some are calling it wrong.
Those who are opposing this ban are saying that this decision by the Reserve is against the principles of free trade.
However, there are people who are supporting this ban, they are saying that officials of Federal Reserve can intentionally manipulate the market with their influence, so they should not trade anything.
Supporters of cryptos are the most annoyed and are complaining against the ban, this is because reserve officials were already restricted from investing in stocks, bonds etc. since October last year, and crypto is just included in the list on Friday (Feb 18 2022).
There has been a mixed reaction to this. Some people are justifying it, and some are calling it wrong.
Those who are opposing this ban are saying that this decision by the Reserve is against the principles of free trade.
However, there are people who are supporting this ban, they are saying that officials of Federal Reserve can intentionally manipulate the market with their influence, so they should not trade anything.
