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 Singapore's central bank chief warns over Bitcoin valuations

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Singapore's central bank chief warns over Bitcoin valuations Vide
PostSubject: Singapore's central bank chief warns over Bitcoin valuations    Singapore's central bank chief warns over Bitcoin valuations Icon_minitimeWed Dec 20, 2017 3:54 pm
Bitcoin has no fundamental value and is likely to end in tears once speculators discover how hard it can be to extricate their cash, Singapore's financial watchdog has warned.

Singapore's central bank chief warns over Bitcoin valuations 1513659099913

Sopnendu Mohanty, fintech chief for Singapore's monetary authority (MAS), said there was a crucial difference between Bitcoin and rival cryptocurrency Ethereum, but it was far from clear whether either improved day-to-day transactions or had much potential as a tool for central banking.

http://www.smh.com.au/business/markets/central-bank-chief-warns-over-bitcoin-valuations-20171219-h07a89.html
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