If it were up to individual governments, Bitcoin would never be considered a currency. More and more officials are effectively rejecting this idea as blasphemous. The governor of the Bank of France is one of the latest individuals to do exactly that. However, he also mentioned how BTC is not a cryptocurrency either. That is a rather remarkable distinction which makes absolutely no sense.
While Francois Villeroy de Galhau may be a smart individual, he also makes some odd statements.Being governor of the Bank of France gives people a rather unique vision on money. Right now, Bitcoin is not a currency in France. Nor will it be anytime soon, unless the EU suddenly decides to change its stance completely. However, he also mentions how BTC shouldn’t even be labeled as a cryptocurrency. That is a very unusual statement, but his explanation is perhaps even more confusing.
Bank of France Governor is Rather Ignorant
More specifically, the Bank of France governor claims Bitcoin is only a speculative asset. The value is nobody’s responsibility, nor are the risks. It is another statement that is only half true. Bitcoin is, by definition, a cryptocurrency…