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OTCbid - Fed Chair Powell Says Bitcoin Has 'Staying Power' as an Asset Class

" “We do see payments stablecoins as a form of money," Powell said, adding that "the ultimate source of credibility in money is the central bank."

Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank should play a “robust federal role” in overseeing stablecoins, a sizable slice of the overall crypto market that legislators are trying to craft rules for. Powell also remarked that cryptocurrencies, like Bitcoin, have "staying power."

His comments came on Capitol Hill during a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC).

Responding to a question posed by Maxine Waters (D-CA) on stablecoins, Powell said the technology—where tokens pegged to the price of a sovereign currency like the dollar and issued by private companies—should have strong federal oversight.

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Source: Bitcoin

50K+ BTC sellER in usa

-8% Gross, -4% Net, E2E, B2B, Escrow, USA

NEW: 50K BTC with R&E @ -8% Gross, -4% Net, E2E, B2B, Escrow, USA - Look For Buyer

(Seller : THAS PHAS-GAIL)

Post: 22.6.23

Seller is selling 50K BTC with R&E @ -8% gross, -4% net

Buyer = 4%
Buyerside = 2% ( in this group 0,5% is closed for my group , 1,5% is free for your group )
Sellerside = 2% closed

First tranche = 100 BTC test trial
Subsequent tranches = 1000 BTC

GENERAL :

1) Buyer should fill SPA and include bank statement for minimum first tranche.
2) Seller will return signed SPA with wallet address dedicated for this transaction .
3) Escrow agreement will be signed .
4) Buyer will move money for test first tranche to the escrow account .
5) Seller will transfer btc to the buyer wallet address.
6) Escrow agent lawyer hold buyers money until buyer confirm btc on his wallet .

PROCEDURE :

BUYER AND SELLER SHALL SIGN THE PURCHASE AGREEMENT. , BUYER FULL KYC, RECENT STATEMENT OF ACCOUNT COVERING THE FIRST TRANCHE. SELLER RETURN THE AGREEMENT WITH ESCROW AGREEMENT WITH BITCON RECENT SCREENSHOT OR WALLET VIDEO.
BUYER AND SELLER SHALL SIGN THE SELLER NOMINATED ESCROW AGREEMENT. SELLER SHALL FORWARD TO THE ESCROW AGENT EXACT WIRE INFORMATION AND BANKING COORDINATES FOR THE EACH OF THE PARTIES AND THEIR RESPECTIVE REPRESENTATIVES
ESCROW AGENT SHALL ENDORSE THE ESCROW AGREEMENT AND SHALL CIRCULATE THE COMPLETED ESCROW AGREEMENT TO THE SELLER AND BUYER.
UPON EXECUTION OF THE PURCHASE AGREEMENT AND THE ESCROW AGREEMENT, BUYER WITHIN 3 BANKING DAYS SHALL WIRE TO ESCROW AGENT THE CONTRACTED PURCHASE AMOUNT TO BE APPLIED TO THE PURCHASE OF THE CONTRACTED BTC (“INITIAL DEPOSIT” 100 BTC).
ESCROW AGENT SHALL INFORM BOTH BUYER AND SELLER RECEIPT OF THE INITIAL FIRST TRANCHE FUND DEPOSIT.
SELLER SHALL INITIATE PLACEMENT TRANSFER OF THE FIRST TRANCHE OF THE BTC DIRECTLY INTO BUYER WALLET OR ITS NOMINATED WALLET ADDRESS AND SEND THE SCREENSHOT TO BUYER AND SELLER ATTORNEY. BUYER SHALL NOTIFY ALL PARTIES THE RECEIPT OF THE BTC.
ESCROW AGENT WILL THEN DISBURSE CASH TO SELLER’S ACCOUNT.
IN THE EVENT THAT SELLER IS UNABLE TO SEND BTC TO BUYERS WALLET WITHIN 2 BANKING DAYS OF INITIALIZING THE ESCROW PROCESS /CONFIRMATION OF FUND THE ESCROW AGENT RESERVE THE RIGHT TO RETURN THE FUNDS TO THE BUYERS SENDING ACCOUNT.
BUYER SHALL BE RESPONSIBLE FOR THE COIN VERIFICATION AND VALIDATION.
AFTER SIGNING THE AGREEMENT ANY PARTY THAT FAILS TO PERFORM THE AGREEMENT SHALL PAY PENALTY OF ONE MILLION FIVE HUNDRED THOUSAND DOLLARS.