Norges Bank says bitcoin cannot replace fiat currency.
BANKING AND CREDIT NEWS-March 29, 2021--Norges Bank says bitcoin cannot replace fiat currency
(C)2021 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 29 March 2021
Oystein Olsen, the head of Norways central bank, Norges Bank, has said that bitcoin cannot be used to replace fiat currencies.
The official told Bloomberg that Bitcoin is far too resource-intensive. Also, its costs and lack of stability work against its acceptance as a replacement...
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