BIS Official Insists Bitcoin Fails Means of Payment Test, Calls El Salvador’s...

BIS Official Insists Bitcoin Fails Means of Payment Test, Calls El Salvador’s...

An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. He calls El Salvador’s move to make the cryptocurrency legal tender “an interesting experiment.” BIS Official Doubts Bitcoin Can Function as Means of Payment in El Salvador Benoit Coeure, head of the Innovation Hub at the Bank for International Settlements (BIS), commented on El Salvador’s move to make bitcoin legal tender Friday. He said at....


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