A Coinbase exec tried to tell a crowd of bankers that crypto is ‘the money of tomorrow’ and was immediately shot down

Using the example of Bitcoin, he told audiences digital currency meets all of his benchmarks.

Highlights

CoinCoinbase’s head of business development for EMEA, Peter Stilwell, argued crypto has all the hallmarks of money.
Evelien Witlox, head of the European Central Bank for the digital euro, said cryptocurrencies are not money because there’s nothing behind them.
He said more people need to understand the risks around crypto and that regulation is necessary.
The company is being sued for allegedly telling a man who claimed he lost $96,000 on its site to fraud that it wasn’t the company’�s problem that it was the victim of fraud.
A spokesperson for the company said it encourages customers to take measures to secure their personal accounts.

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