Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Updated: 18 August 2021

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Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin argued

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Habiba Tahir

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Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

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