The new governor of Taiwan’s central bank has said speculation has taken over from cryptocurrencies’ original role as a payments tool.
Earlier this year, while still in his role as deputy chief of the central bank, Yang Chin-long indicated that the central bank has started the evaluation of the benefits and challenges of a central bank-issued cryptocurrency.
In responses to lawmakers at a meeting with the island’s legislative arm today, though, he argued that cryptocurrencies are not fulfilling their originally intended function in payments, according to a report from Taiwan’s Apple Daily…
Read Full: Taiwan Central Bank Chief Cautious on Central Bank Crypto
