SNB's Jordan: Crypto currencies are more investments than currencies at present

Author: Adam Button | Category: Central Banks

SNB leader touches on crypto currencies

  • Central banks are looking at crypto currencies intensively

The Swiss regulators have been more constructive than most on crypto currencies.

But he does make a good point on the naming. They're not really currencies at all. They're tokens or securities. I suspect only a tiny portion of volumes is used for buying and selling of real things or for other types of commerce.