Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrencies Can Never Replace Fiat – Says EU report
by
Dilerium90
on 02/07/2018, 15:12:48 UTC
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has come up with a report on cryptocurrency entitled “Virtual currencies and central bank’s monetary policy: challenges ahead”. The finding of reports shows that cryptocurrency will not replace fiat currency, even in the long term. https://bit.ly/2NeLgLr
Of course, it is advantageous for the government to say that crypto-currencies will never replace fiat money, but we know that this is not true. The technology of blockchain and crypto currency market is still young. I am sure that in 10 years we will pay with the crypto currency everywhere.