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RE: Crypto News, July 5 2018: Red Day

in #cryptocurrency6 years ago

Yes BIS is not so crypto friendly. I wrote a comment on their last annual report. They say cryptocurrencies are not ready to be used as currencies due to 3 reasons: missing scaleabilty, missing finalty and volatility. But DLT itself is interesting and could be used for cross border payments.

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Those reasons have some truth to them though..