Crypto will face years of legal arguments before a cohesive framework is in place

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City AM

By Darren Parkin The week in reviewwith Jason Deane As usual, too many things going on in the world, not enough words. A week ago, Agustin Carstens, head of the Bank for International Settlements, confidently announced that “crypto had lost the battle against fiat currency” and then added, with equal confidence, that “a technology doesn’t make for trusted money”. I’m not even sure where to start with that one to be honest. Our money has always, historically speaking, been the result of our latest technology so why he thinks that will change now is as short sighted as it is bizarre. It also imp…

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