Cryptocurrencies to ‘Eventually Leave the Scene,’ Says MAS Director

“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 .