The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4.

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4.
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-7-5 16:55

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4.
Speaking to Swiss newspaper Basler Zeitung last week, subsequently published by BIS itself, general manager Agustin Carstens cautioned “young people” against “trying to create money,” drawing comparisons to Bitcoin mining.
“Cryptocurrencies do not fulfil any of the three purposes of money.
They are neither a good means of payment, nor a good unit of account, nor are they suitable as a store of value.
One mustn’t forget that central banks have been providing electronic means of payment for decades,” he continued.

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bis money assume functions saying reports july

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U.K. Banks Warned to Be Careful With Cryptocurrencies

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2018-6-29 18:17


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