Has the battle between fiat and crypto come to an end?
According to Agustin Carstens, the general manager of the Bank for International Settlements (BIS), the answer is yes. Carstens is quick to give the upper hand to fiat currencies, the legal means of payment supported by governments.
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That battle has been won…a Technology doesn’t make for trusted money
the banker declares
Now, Carstens awaits a “decisive statement” from G20 countries regarding the stricter regulation of digital assets. He insists that financial transactions involving cryptocurrencies can only be carried out “under certain conditions.”
Well, perhaps banning the internet altogether would be a more straightforward solution, dude. Who knows, it may actually work.
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