Close Menu
    Facebook X (Twitter) Instagram
    ESP Blockchain Journal
    • Noticias
      • Noticias Blockchain
      • Noticias Bitcoin
      • Noticias Ethereum
      • Noticias Ripple
      • NFT
      • Metaverso
      • DeFi
      • Noticias Tron
      • Noticias Litecoin
      • Noticias Monero
      • Noticias Cardano
      • Noticias Stellar
      • Noticias Algorand
      • Noticias Dogecoin
      • Noticias Polkadot
      • Noticias Kusama
      • Noticias Solana
      • Opinión
    • Análisis de Precios
    • Academia Cripto
    • Contacto
    • bandera
    ESP Blockchain Journal
    Home»Noticias»G7: Bitcoin failed as a means of payment and savings

    G7: Bitcoin failed as a means of payment and savings

    0
    By BlockchainJournal on octubre 18, 2019 Noticias, Noticias Bitcoin
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoin and other cryptocurrencies have not become a “reliable and attractive” means of payment and savings, but stablecoins have potential. This is stated in the report of the “Big Seven” (G7).

    g7 by BlockchainJournal on Scribd

    The group, which includes the United States, Japan, Germany, France, the United Kingdom, Italy and Canada, has published a report on stable coins. The authors of the document recognized that global stablecoins, although not risk free, can solve the problem of slow and expensive money transfers.

    At the same time, cryptocurrencies cannot serve as an effective solution, since they are “extremely unstable”, difficult to use, have limitations on scalability and problems with management and regulation.

    “Thus, cryptocurrencies serve as a highly speculative asset class for certain investors and those engaged in illegal activities, rather than a means of payment, ” the report says.

    On the other hand, stablecoins also do not yet have global regulation and may be unstable. But, subject to the rules, “stable coins” can be convenient for use as a means of payment and savings, experts say G7.

    “No global stablecoin project should begin work until the legal, regulatory and supervisory problems are properly resolved, risks are mitigated through the implementation of appropriate designs and compliance with clear proportional regulatory standards,” the authors of the document emphasized.

    Recall that the G7 already warned of a tough regulatory approach
    Facebook's stable coin project Libra. Earlier, the group published a report on the risks to the stability of the global financial system, which are widespread stablecoins.

    Subscribe to the BlockchainJournal YouTube Channel!

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    bitcoin Featured G7 Libra Work
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Salidas de ETF desafían el impulso de “Uptober”: Ethereum pierde $145M y Bitcoin $40M

    octubre 21, 2025

    El cierre del gobierno de EE.UU. podría terminar esta semana

    octubre 21, 2025

    Filecoin sube más de 4% tras superar la barrera de 1,60 dólares

    octubre 21, 2025

    Citi inicia cobertura de MicroStrategy: las claves de la alianza

    octubre 21, 2025

    BitcoinOS recauda 10 millones de dólares para ampliar el BTCFi institucional

    octubre 21, 2025

    Ethereum opera inestable antes del dato de inflación de EE. UU.

    octubre 21, 2025
    Buscar
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Blockchainjournal

    Type above and press Enter to search. Press Esc to cancel.

    Utilizamos cookies para asegurar que damos la mejor experiencia al usuario en nuestra web. Si sigues utilizando este sitio asumiremos que estás de acuerdo.