Malaysia's deputy finance minister says that crypto is not suitable as a means of payment or a store of value. cryptocurrency bitcoin $BTC
Malaysia's Deputy Finance Minister: Crypto Not Suitable as Means of Payment or Store of Value
Noting that cryptocurrencies are not a payment instrument regulated by the central bank, Bank Negara Malaysia, the deputy finance minister said: “This is due to the state of digital assets which is exposed to volatility as a result of speculative investments,” he added. The deputy finance minister also explained that cryptocurrencies are not suitable as a means of payment because they “do not exhibit characteristics of money.”
Also, what is important is the huge impact on the environment because the electrical power that is used to process one bitcoin transaction can process 1.2 million Visa transactions.
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