SNB Chair Schlegel say cryptocurrencies not practical for payments ...Middle East

Swiss National Bank chair Schlegel was speaking at an event in Brugg, Switzerland, on Thursday. physical cash to retain an important role in the Swiss payments systemvirtual currencies "remain a niche phenomenon"strong fluctuation in values that meant they were not practical for paymentsrequired a huge amount of energywere also linked to illegal activities and were difficult to policeVia Reuters, more at the link here. This article was written by Eamonn Sheridan at www.forexlive.com.

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