Germany AFS commentary on Crypto - BTC AI/ML Signal

The German Financial Stability Committee (AFS) has said that cryptocurrencies do not pose a threat to the country’s financial stability. The committee performed a study and reported that currently cryptocurrencies lack general acceptance and that transaction costs are too high. The AFS also stated that cryptocurrency tokens do not serve as a means of payment, a store of value or a unit of calculation. The committee said it will continue to monitor developments in the area.

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