Cryptocurrencies Face No Future Due to Their Anonymity, Says French Banking Exec

French banking major Societe Generale CEO Frederic Oudea says that the digital currencies like Bitcoin face an uncertain future because of their anonymity. He claims that the virtual currencies are unlikely to survive in the long term as governments around the world introduce steps to regulate them.

In a CNBC interview on the sidelines of the Web Summit conference held in Lisbon, Portugal in early November 2017, Oudea said that the main benefit of Bitcoin and the other cryptocurrencies is its ability to provide anonymity to the individuals who are conducting the deals…

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