'Cryptocurrencies could replace gold'-531773
25th January, 2021 12:07:01 SINGAPORE: Privately-issued digital currencies are very unlikely to replace government-issued fiat currencies as a medium of exchange but could partially displace haven assets like gold, new research shows. Cryptocurrencies could replace gold as an electronic store of value once key hurdles such as trust, volatility, regulatory acceptance and reputational risks are overcome, according to a research note from the Bank of Singapore, report agencies. Once these disadvantages have been addressed, digital currencies can also be used in investor portfolios as a potential...
Source: daily-sun.com