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Cryptocurrencies Will Never Replace Us, Cries Romanian Central Bank Official

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By CCN.com: Central bankers occasionally lose their guard and reveal that they are constantly worrying they will be rendered irrelevant by cryptocurrencies. The latest proof comes from the National Bank of Romania courtesy of the central bank’s administration council member, Daniel Daianu. According to the Business Review, the central bank official views cryptocurrencies as financial assets and nothing else. Consequently, cryptocurrencies ‘won’t be able to fulfill the basic roles of currency’. That being the case, Daianu argued, central banks will always have a role to play in society: Cryptocurrencies will never be able to substitute the currency issued by a

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* First published on ccn.com

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