Crypto Crackdown: Bitcoin is a “Combination of Bubble, Ponzi Scheme, Environmental Disaster”

Source: Wolf Richter Published on Thursday, February 8 2018
“If authorities do not act preemptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability.” The official crackdown on the entire cryptocurrency space got a new and broader framework from Agustín Carstens, General Manager of the Bank for International Settlements (BIS) and former governor of the Bank of Mexico. In a lecture in Frankfurt on Tuesday, he let fly some real zingers interspersed with indications of what is to co
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