RBA warns investors to be wary of fad-fuelled cryptocurrencies | ABC News

The Reserve Bank of Australia has warned fad-fuelled cryptocurrencies are not the future of finance, and their surge in value is likely to reverse. Subscribe: http://ab.co/1svxLVE
In a speech to the Australian Corporate Treasury Association, the RBA's Tony Richards predicts people may start to heed regulator concerns about the fad surrounding cryptocurrencies.
He says buyers may also be turned off because of the high energy they use and their potential to be used in crimes.

ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia
Be the first to comment