Cryptocurrency Risks

English for Economists | Economic News and English Expressions - Ein Podcast von Alan Robert

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English Lesson: The Deputy Governor of India’s central bank, T Rabi Shankar, said in a speech that cryptocurrencies are not suitable to be defined as a currency, asset, or commodity because they have no underlying cash flows and they have no intrinsic value.  Our vocab: Buzz / Wave of the future / Ponzi scheme / Fiat currency

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