Australia’s Central Bank Says Bitcoin ‘Not Really Money,’ No Risk to Financial Stability | Crypto Craft

  • Australia’s Central Bank Says Bitcoin ‘Not Really Money,’ No Risk to Financial Stability

    From coindesk.com

    The Reserve Bank of Australia has delivered somewhat dismissive comments on bitcoin at a meeting of the House of Representatives Standing Committee on Economics. According to a report by the Australian Financial Review on Friday, the central bank’s assistant governor for financial systems, Michelle Bullock, said there’s “a lot of fuss over bitcoin.” The comments were a response to Queensland Liberal National Party member Julian Simmonds, who’d asked the assistant governor if the bank viewed bitcoin and cryptocurrencies as a financial risk. “[Bitcoin] is not a payment instrument and it’s not even really ... (full story)

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Not-KPMG
Feb 5, 2021 9:10am
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Morons


Let's check definition of money



...
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Trader#D3B9
Feb 5, 2021 10:32am
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Like his opinion matters
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Trader#E92A
Feb 5, 2021 11:34am
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Hes right on both fronts: its treated more like an asset to sit on (rather than transact in), and its a speculative instrument. Whats the risk, that it rises in value?
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Trader#99AF
Feb 6, 2021 1:11am
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Lets check the definition of money

Is bitcoin legal tender ? Nope. You have to change it in AUD.
Then is not "really" money
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