“Cryptocurrencies have miserably failed the test of money because they can’t keep value,” said Ravi Menon, managing director of the Monetary Authority of Singapore. At a panel discussion on the Future of Monetary System as part of the Hong Kong Monetary Authority-Bank for International Settlements event, Menon stated that private cryptocurrencies will eventually exit the The post Cryptocurrencies to ‘Eventually Leave the Scene,’ Says MAS Director appeared first on Coin Edition .