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Davos: Central bankers say cryptos aren't real currencies

Davos: Central bankers say cryptos aren't real currencies

CNN
Monday, May 23, 2022 5:36 PM GMT

The prices of bitcoin, ethereum and other cryptocurrencies have plunged this year. And so-called stablecoins like Luna and TerraUSD have proven to be unstable, plunging in value and hurting many investors in the process.

So what's next in the Wild Wild West world of digital assets? Experts talked about that with CNN's Julia Chatterley in a panel discussion at the World Economic Forum in Davos on Monday.

Central bankers and regulators stressed that many cryptocurrencies don't really live up to the "currency" part of their name.

Read full story on CNN
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