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RBA- Bitcoin isnt really money and doesnt threaten

2022-04-05

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RBA: Bitcoin isn't "really money" and doesn't threaten market stability - Today News Post News Today || Headlines Today

Some $11The WCF initially barre.8 billion poured into dog-themed ‘coins’ last week, but the Reserve Bank isn’t fussed, saying cryptocurrencies aren’t a risk to market stability.

In fact, when asked about the pitfalls of cryptocurrency on FridayBelarusFebruary 2021 – AFP, RBA assistant governor Michele Bullock said Bitcoin isn’t a focus for the bank.

“It’s not even really money,” Ms Bullock told the House Economics Committee in Canberra.

“There’s a lot of fuss about [Bitcoin] as a financial assetNature showing off its force, travel discoveries, but it’s not really a payments instrument, consumer protection isn’t really our thing … [its] not a focus.”