【Federal Reserve's Daly: Cryptocurrency should not be confused with gold, and is far from becoming 'money'】Golden Finance reports that San Francisco Federal Reserve President Daly stated that cryptocurrencies should be viewed as an independent asset class, rather than being mixed with gold as is often the case. Furthermore, cryptocurrencies are complex and not yet ready to become 'money.' "I think cryptocurrency is a complex thing, and what we need to provide for everyone is a true interpretation of what it means. Once we do that, we can define it," Daly said on the podcast. "It can be a currency, it can be a medium of exchange, or it can be stock — an asset that retains value or sometimes depreciates. We just need to define those terms." "So I don't think it is like gold," Daly added. "It sometimes has characteristics similar to gold, but I don't think it is akin to a gold asset." Daly's remarks differ slightly from those of Federal Reserve Chairman Jerome Powell, whose comments on Bitcoin earlier this month stirred the cryptocurrency community.