Bank of England Gov: Bitcoin Doesn’t Satisfy the Principles of Currency

2019-5-1 03:00

By CCN: Dave Ramsden, deputy governor for markets and banking at the Bank of England, said in an interview with CNBC that crypto assets like bitcoin are too volatile to be a store of value and they do not meet the principles of currency.

Citing the research of the Financial Policy Committee (FPC), Ramsden stated that the high volatility and the relatively high costs of crypto transaction settlement make cryptocurrencies less practical as currency. Volatility Could be an Issue for Bitcoin and Crypto but Time Will Fix It For any new or emerging asset class, volatility could be an issue

The post Bank of England Gov: Bitcoin Doesn’t Satisfy the Principles of Currency appeared first on CCN

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Currency.com Launches Tokenized Government Bonds

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2019-5-10 11:00


Bank For International Settlements (BIS) Continues Bashing Bitcoin As A Currency

The debate over the legitimacy of Bitcoin as a currency has persisted since the beginning of the creation of the coin. When the mysterious Satoshi Nakamoto rolled out the Bitcoin blockchain years ago, skeptics almost immediately began to argue that the currency would quickly peter out, losing value as quickly as it had gained notoriety. […]

2018-8-10 11:18


Bitcoin Will be Mainstream Within the Next Decade, Say University Researchers

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2018-7-10 00:33


Ôîòî:

Hyperbitcoinization: $100mil Per Coin by 2030 activity

At least one theorist believes the above will happen, and further postulates one hundred million dollars per bitcoin could be in the works as early as 2030. “Bitcoin-induced currency demonetization, or hyperbitcoinization” is what would occur should “any hapless currency” stand “in bitcoin’s path of total world domination. The current store of value talk and

2018-7-8 06:40


Western Union files new patent with reference to Bitcoin [BTC] and Litecoin [LTC]

On 5th July, Western Union Company, an American Financial Services and Communication company filed a new patent with the US Patent and Trademark Office. The patent aims at ‘receiving and handling secure transfers’ in the electronic transfer network space which includes the transfer of cryptocurrency or digital currency from one device to another from different […]

2018-7-7 22:59


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