Bank Of France Governor Says Bitcoin is not a Cryptocurrency!

Nishanth Shetty

Nishanth Shetty

December 2, 2017 8:36 am

Bank Of France Governor Says Bitcoin is not a Cryptocurrency! | Coindelite News
189692 Total Views

Bitcoin News


Bank of France governor Francois Villeroy de Galhau said that the Bitcoin is not a currency neither it is a cryptocurrency.

At one of the Beijing conference, Villeroy stressed the need for “clarity” on the Bitcoin’s status. While introducing an unusual angle which has not yet materialized as a part of the mainstream account.

Governor Said in terms of Bank of France in various publications:

“We need to be clear that Bitcoin is in no way a currency or even a cryptocurrency, It is a speculative asset. Its value and extreme volatility have no economic basis, and they are nobody’s responsibility.”


While repeating the various warnings which are common to the central banks throughout the world over the past few years, Villeroy included that, the Bank of France “reminds those investing in Bitcoin tose they do so entirely at their own risk.”

The concept that Bitcoin is not a cryptocurrency stands out among more unexpected utterances from famous economic sources this week.

While reporting to Bloomberg, the networks’ CEO and Founder Michael R.Bloomberg were also confused whether Bitcoin and Blockchain, coming out with a newly-coined term which isBitchain.’


Goldman Sachs CEO Lloyd Blankfein was also present in the interview, he was on hand to correct him before Bloomberg continued that his network basically was, a blockchain.

Blankfein said:

“In fact, the Bloomberg system is a Blockchain; it’s just that instead of having the users control it, we control it.”

“But it has all the attributes of that.”

1 Comment
South Korean Exchange Bithumb Eyes Thailand and Japan for Expansion

  Korean Crypto Exchange Bithumb has declared that it will open new offices in Thailand and Japan. As per local news outlets ZDNet, Bithumb is expecting the approval of the Thai Securities and Exchange Commission (SEC) and Japanese Financial Services (FSA). Bithumb describes that it selected Thailand because the e-commerce and …

Brazilian Police Caught a Gang that Used Bitcoin to Launder Millions of Dollars

  Recently, Brazil Federal Police has arrested 12 people who are connected to a gang that used bitcoin to launder millions of dollars earned in smuggling drugs in Europe, Asia and in Africa. According to the local report, the gang was caught in an operation named “Antigoon,” in cooperation with …

Cryptocurrency Malware Infects League of Legends

League of Legends (LOL) is an online game which pits two teams of players against one another in an epic battle. The players can choose from an array of interesting characters. The game has generated over a billion dollars in revenue. Lestergozaga, a Reddit user discovered that the Coinhive malware …

Ripple and XRP: Key Differences Explained

  These days a huge number of companies and organizations, banks are adopting the Ripple technologies. Somehow, XRP has been knocked between the price dip, regulations, etc. Have you ever compared Ripple and XRP and saw the difference?. I think most of us haven’t. So, here you could understand the difference …

GPU Prices Finally Gain Stability After an Year-Long Surge

GPU prices drop after being rising for almost a year. Since May 2017, there was a steep increase in the price of dedicated graphics cards. Surprisingly, this was not due to the rise in the number of game releases, but this was due to the general public’s interest in cryptocurrency. An …

UK Mosque has Raised 14,000 GBP as the Cryptocurrency Donation

  In May, UK’s Shacklewell Lane Mosque had announced that it would start accepting cryptocurrency as Sadaqah (donations). The Mosque has collected a huge 13,983 GBP (Great British Pounds) in cryptocurrency during Ramadan. Turkish runs the mosque in Hackney, in East London. The mosque had planned to start accepting cryptocurrency at …