Ex-head of the Bundesbank: Bitcoin is not a Full-fledged Currency...

The head of the Swiss banking conglomerate UBS and the former head of the Bundesbank, Alex Weber, believes that bitcoin does not meet all the necessary criteria to be considered a full-fledged currency. Reuters

At the same time, Weber acknowledged that his skepticism regarding crypto-currency, apparently, "is connected with a long work in the central bank." However, the financier is firmly convinced that bitcoin only partially meets the generally accepted criteria of this category, such as currency. He said:

"The currency should be a means of payment, be generally recognized and secured. Also, it should be a means of preserving value and provide an opportunity to carry out transactions. Bitcoin, however, corresponds only to the last criterion "