The Swedish central bank, Riksbank, published an economic report on the cryptocurrencies, with the key headlines found below.
“Cryptocurrencies should be regarded as a form of asset, not as money.
Cryptocurrencies such as Bitcoin are not tied to any goods with a market value and that they are not issued by a national state.
Cryptocurrencies are also unable to satisfy the 'functionalism' theory - in that they are not primarily used as a means of payment, in which they point out Bitcoin in particular with that regard.
Bitcoin has a high transaction fee and that prices have fluctuated by a fair degree.”
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