World Central Banker to Central Banks: Bitcoin Is a Bubble, Ponzi, and Disaster

General Manager of the Bank for International Settlements (BIS), Agustín Carstens, gave a talk at Goethe University in its House of Finance, Tuesday, 6 February in Frankfurt. Titled Money in the Digital Age: What Role for Central Banks?, the talk saw Mr. Carstens acknowledge “We have seen a bit of a shift, to issues at … Read more

Bundesbank Board Member: “No Plans to Issue State-Backed Cryptocurrency”

Online German news site, €uro am Sonntag, interviewed Bundesbank board member Carl-Ludwig Thiele who revealed the European Union has no plans to issue a state-backed cryptocurrency. He also goes on to agree with the idea that bitcoin was a direct reaction to the 2008 financial crisis, and how “our currency, the euro, is essentially based … Read more