Carstens del BPI: hay argumentos para intervenir en criptomonedas

The video discusses the limited use of cryptocurrencies for payments due to high costs and slow transactions. It highlights their appeal in illegal activities like tax evasion and money laundering, given their price volatility. The inefficiency and environmental impact of DLT systems are examined, with mining consuming significant electricity. The speculative nature of cryptocurrencies raises regulatory concerns, prompting calls for policy intervention to protect consumers. Authorities are urged to balance innovation with preventing illegal use of technology.

What are the main reasons why cryptocurrencies like Bitcoin are not widely used for everyday transactions?

In what ways do cryptocurrencies attract individuals involved in illegal activities?

How does the electricity consumption of Bitcoin mining compare to that of Singapore?

What is the role of appropriate authorities in relation to cryptocurrencies and investor protection?

What concerns do authorities have regarding the use of cryptocurrencies?