<ul><li>A recent research paper by the Federal Reserve Bank of Minneapolis suggests Bitcoin and similar assets should be taxed or banned to help governments manage permanent deficits.</li><li>Minneapolis Fed's stance aligns with the European Central Bank's critical views on Bitcoin, aiming to position government debt as the only risk-free security.</li><li>Minneapolis Fed's president Neel Kashkari reiterates scepticism of cryptocurrencies, dismissing them as primary tools for criminal activities.</li><li>Despite criticisms, institutional adoption of cryptocurrencies is rising, with 80% of institutional investors planning to increase their investments following the approval of spot Bitcoin and Ether ETFs.</li></ul>

Minneapolis Fed Criticises Bitcoin as ‘Useless Piece of Paper’, Citing Risks to Economic Stability

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