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South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’


The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as he prefers to call them, are not currencies because they fail to meet...

Why Fiat Currency Is More Confusing Than Crypto


One common refrain you hear about crypto, at least from laypeople, is that it’s too ‘complicated,’ ‘hard to understand,’ ‘opaque.’ On a technical level this view is understandable, yet it ignores the fact that what cryptocurrencies aim to replace/supplement - fiat currencies - are also more than...

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