MAS Director mislabels Bitcoin a ‘private cryptocurrency’ stating it has ‘failed the test of money’
CAT
1 min read
At the recent GDEC 2023 conference, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), critiqued Bitcoin and similar digital currencies, questioning their viability as a form of money. Menon asserted that private cryptocurrencies, including Bitcoin, have “miserably failed the test of money,” primarily due to their volatility and use as vehicles for […]
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MAS Director mislabels Bitcoin a ‘private cryptocurrency’ stating it has ‘failed the test of money’
