[ad_1]
Ehud Barak, former Israeli prime minister, compared digital currencies with Ponzi projects, according to Israeli news agency Arutz Sheva on 3 December.
Barak had participated in the Camp David Accords in 2000 as part of an attempt to resolve the Israeli-Palestinian conflict and is now the president of the medical marijuana manufacturer InterCure.
Speaking at an event hosted by the Israeli financial broadcaster Globes in Tel-Aviv this Sunday, Barak posed a question comparing the alleged "bubble" of marijuana investment to the crypto emphasizing that "he would never invest" in cryptocurrencies like "Bitcoin and cryptocurrencies " [are] a Ponzi scheme. "
Meanwhile, Barak stressed that blockchain technology and smart contracts are important and useful technological and mathematical concepts, noting:
"Anyone who has patience and understands the depth of the blockchain will find many uses, from keeping sensitive medical information to smarter contracts."
At the beginning of this year, the Bank of Finland, the country's central bank, had published a study that called cryptocurrencies not real currencies, but "accounting systems for non-existent assets," Cointelegraph wrote on July 2nd.
Also this fall, the Israeli central bank announced that it did not intend to issue its own digital currencies. A similar denial was expressed by Masayoshi Amamiya, Deputy Governor of the Bank of Japan (BOJ), who expressed doubts about the effectiveness of digital currencies issued by central banks (CBDC).
Meanwhile, Christine Lagarde, the head of the International Monetary Fund (IMF), urged international financial institutions to "consider the possibility of issuing [state-backed] digital currency ", as Cointelegraph wrote on November 14th.
[ad_2]Source link
