Bitcoin can’t provide the answer to a cashless society, top central bank policymakers say

ArticleCurrencyMarch 14, 2018 - 7:39:56 AM

Bitcoin is dismissed as an inappropriate replacement for cash.

Bitcoin and other cryptocurrencies cannot provide the answer for any society that uses less and less cash in everyday transactions, two leading European policymakers said.

The findings form part of an opinion piece co-authored and published Tuesday by a member of the executive board of the European Central Bank, Benoit Couere, and Jacqueline Loh, chair of the Switzerland's Bank for International Settlements (BIS) Markets Committee...

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