Wednesday, February 7, 2018

Wolf Richter - Crypto Crackdown: Bitcoin is a “Combination of Bubble, Ponzi Scheme, Environmental Disaster”

The official crackdown on the entire cryptocurrency space got a new and broader framework from Agustín Carstens, General Manager of the Bank for International Settlements (BIS) and former governor of the Bank of Mexico. In a lecture in Frankfurt on Tuesday, he let fly some real zingers interspersed with indications of what is to come, and an analysis of the structural weaknesses besetting the crypto ecosystem.

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