PCM Features -

THE CHALLENGES AND OBSERVATIONS FROM CENTRAL BANKS

During a lecture given in Germany in February 2018, Agustin Carstens, general manager of the Bank of International Settlements (BIS), described Bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster.”  This counterblast found an echo in a recent leader from The Economist, which described cryptocurrencies as, “useless…few vendors accept them [...]

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