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In a time of uncertainty in several regions whose authorities have not clarified their legal framework for cryptocurrency, many investors or financial entities remain wary of decentralized sector.
Central Finland recently published a paper explaining why " cryptocurrencies are only an illusion " and " an error " for the economy.
The paper was written by Aleksi Grym, the head of digital services of the entity, explains how " distorted the financial concept is nowadays and how social media and the Internet have helped to create a confusion about what is a reality and fiction ". 19659004] In addition, Grym added that:
Cryptocurrencies are part of an accounting system for nonexistent assets. Distributed accounting technologies, such as the blockchain, are in fact the same as other record keeping systems, but only that they are not related to the fundamental characteristics of the assets. […] The fact that there are several synchronized copies, distributed across a network, is irrelevant, since each has the same data.
In addition, the document cites several studies and negative comments, which refer to the speculative nature of cryptocurrencies and how their value is " equal to zero " because they are really a bubble financial.
For its part, Grym believes that the main reason behind digital currency investments is given by criminals, who pursue money laundering and hacking acts containing the benefit of anonymity.
This is not the first time that an individual or institution has a negative opinion about decentralized trade. In this sense, Berkshire Hathaway's CEO and economist, Warren Buffett, has a long history of "public hatred" towards cryptocurrencies, particularly Bitcoin, which he has not only called " fraudulent bubble "but" Poison rat ".
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