Look who’s talking?
Bank, commenting on how it should not be replaced.
Well, some of the arguments do have some standing
But most are struggling against economic logic, like
“The collateral of fiat money is price stability”
Collateral = Price Stability? Hahaha…
Bank of Finland: Tokens are Imaginary, Cryptocurrency is a Fallacy
“Currency cannot be digitised” says the Bank of Finland’s Head of Digitalisation.
Aleksi Grym, Head of Digitalisation at the Bank of Finland, has released a paper in which he calls cryptocurrency a fallacy.
The document argues that it is a myth that intermediaries can be avoided in a financial system, and that currency cannot have intrinsic value without central backing.
Great illusion
“The great illusion of digital currencies” is a 17-page document that was written, explains Grym……
Click here to read more : Bank of Finland: Tokens are Imaginary, Cryptocurrency is a Fallacy