Agustin Carstens, head of the Bank for International Settlements (BIS), believes the battle between cryptocurrency and fiat currencies has come to an end, with the latter emerging as the winner. Fiat currency refers to money that has legal tender by government decree. “That battle has been won … A technology doesn’t make for trusted money,”…
Fiat Money Has Won the Battle Against Cryptocurrencies, Says BIS Chief
February 23, 2023
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Bank for International Settlements BISBusiness & Marketscrypto collapseCrypto Marketscryptocurrenciescryptocurrencyfiat currencyMarketsUS
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