Skip to Content

That being said, it seems the topic of next week's hearing is more geared towards debating the utility of cryptocurrencies as a form of money.

It is a timely topic in light of an increasing interest in cryptocurrencies as a potentially useful monetary tool for governments and more specifically, central banks, around the world. In March, the Bank of International Settlements, what some consider as the central bank to central banks, argued cryptocurrencies backed by central banks could in fact fuel faster bank runs during periods of financial instability.

@peakdemand

Join in on the conversation with Alex Masters Lecky when you subscribe to CRYPTONICLES.