Danish Central Banker Tempted to Ignore Cryptocurrency — Sees Real Threat in ‘Big Tech Invading Currency Area’

Danish Central Banker Tempted to Ignore Cryptocurrency — Sees Real Threat in ‘Big Tech Invading Currency Area’
фото показано с : news.bitcoin.com

2021-5-28 03:35

Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come from big technology companies “invading the currency area or the transaction means.”

Denmark’s Central Bank Governor Tempted to Ignore Cryptocurrency

Danish central bank governor Lars Rohde discussed cryptocurrencies on Bloomberg from Copenhagen on Wednesday. He was asked whether the central bank sees the rise in cryptocurrency trading as a serious economic threat. The governor was specifically asked if the central bank is taking the matter seriously or whether it largely continues to ignore cryptocurrency.

Governor Rohde replied:

I could be tempted to ignore it. I think the term currency is badly used here. Most currencies are stores of value or means of transactions.

He added, “There is no stability and no guarantee from any side about the value of cryptocurrencies so it is a very speculative asset at best.”

The governor was further asked whether he thinks that central banks in general will take action to try to reduce the rivalry from cryptocurrency. He affirmed: “At present, no I don’t think that is an issue.”

Rohde proceeded to share what he believes is much more interesting. The governor opined:

What’s more interesting is big tech invading the currency area or the transaction means. That could be very very interesting and maybe also a real threat to the autonomy and the independence of central banks.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Rohde has long been a bitcoin skeptic. In December 2017, he warned people to stay away from bitcoin, stating that “It is deadly.”

He noted at the time that cryptocurrency “is not a regulated market,” emphasizing that “It is not the responsibility of the authorities. It is the responsibility of the individual.” Rohde then told investors not to “come and complain to us if it goes wrong.” In addition, he said, “I see bitcoin as tulipmania, which is a bubble that is out of control.”

What do you think about the central banker’s comments on cryptocurrency? Let us know in the comments section below.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Central African CFA Franc (XAF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 XAF

threat central invading area bank big currency

Источник: news.bitcoin.com

threat central → Результатов: 66


CBDC’s Unlikely To Threaten Cryptocurrencies, Market Has Evolved: Morgan Stanley Report

As central banks worldwide continue to establish their digital currencies, one of the largest US investment banks, Morgan Stanley, says they won't be a threat to cryptocurrencies. Analysts at Morgan Stanley believe that both central bank digital currencies (CBDCs) and cryptocurrencies would co-exist because they are not the same and serve different purposes.

2021-4-15 22:12


Фото:

US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency

The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand the implications of China’s central bank digital currency. Digital Yuan Could Be a Threat to US […]

2021-4-14 19:15


CBDCs Are A Threat to The US Dollar’s Reign As The World’s Reserve Currency: Deutsche Bank Report

A new report by Deutsche Bank has acknowledged the potential of Central Bank Digital Currencies (CBDCs) to disrupt the US dollar's dominance as the most held reserve currency. This is not the first research that highlights such a possibility; previous reports by Bloomberg and German think tank, DGEN, have speculated similar situations as more Central […] The post CBDCs Are A Threat to The US Dollar's Reign As The World's Reserve Currency: Deutsche Bank Report first appeared on BitcoinExchangeGuide.

2020-10-1 18:30


Фото:

Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’

Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banks CBDCs are merely digital versions […] The post Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’ appeared first on Bitcoin News.

2020-5-29 19:10


Central Banks to Meet to Discuss Digital Currency Threat

As China storms forward with its digital currency, other countries aren’t sitting idle. The leaders of six major central banks will hold their first meeting in April. Six Central Banks to Meet in April In response to the rising threat from government and corporate-backed digital currencies, central banks from six major global economies announced a coalition last month.

2020-2-7 15:00


Is Bitcoin Really A Hedge Against The US-China Trade War And Devaluing Yuan?

The trade war between the world’s two biggest economies continues to intensify while China’s yuan remains above the important physiological level 7 at 7.6 against the US dollar on Friday. With central banks around the world making rate cuts and a threat of currency crisis looming, Bitcoin is fast becoming a safe haven asset. According […]

2019-8-9 15:48


Australia’s Central Bank: It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin

By CCN Markets: After ten years, the Reserve Bank of Australia has decided that Bitcoin and other cryptocurrencies don’t pose a threat to Aussie dollars or other forms of fiat payment. The RBA concludes, after reviewing everything it knows about cryptocurrency, that it’s “difficult to envisage” an outbreak of Bitcoin users in the down under.

2019-6-21 10:55


Фото:

Cryptocurrencies Pose No Threat to Global Finance but Require Vigilant Monitoring, Says FSB

In a press release issued on July 16 via its website, the Financial Stability Board (FSB) announced that cryptocurrencies do not pose a threat to the global financial system. FSB Partners with CPMI to Monitor Cryptocurrencies The purpose of the announcement was to apprise the G20 Finance Ministers and Central Bank Governors of the FSB’s activities concerning the emerging cryptocurrency industry.

2018-7-17 15:00


Фото:

The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16


EU Research: Cryptocurrencies Are Not a Major Threat to Sovereign Currencies

The European Parliament’s Committee on Economic and Monetary Affairs received a Monetary Dialogue titled “Virtual Currencies and Central Banks Monetary Policy: Challenges ahead” recently. The EU Report was confident that cryptocurrencies are “unlikely to challenge the dominant position of sovereign currencies and central banks.

2018-7-2 20:59


дальше еще 17 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru