Cryptocurrency Won’t Replace Money Due to State’s ‘Centralized Role’: CEO of Russia’s Biggest Bank

Nothing new
He just left out the word “yet”
On purpose I suppose.

Cryptocurrency Won’t Replace Money Due to State’s ‘Centralized Role’: CEO of Russia’s Biggest Bank

Bitcoin proponent and blockchain advocate Herman Gref, the head of Russia’s biggest bank, doesn’t see cryptocurrency replacing fiat money in today’s centralized financial system.

Sberbank CEO Herman Gref was speaking to reporters on the sidelines of the Astana Finance Days, a Eurasian financial conference in Kazakhstan, when he was asked for his take on the advent of cryptocurrencies and their role as a method of payment, Russian news agency TASS reports.

“Do I see a prospect of global use of cryptocurrencies as an……

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