Crypto assets behave more like investments than money – study
Most owners are not using securities for payments and turn to cash in times of uncertainty
Most owners of crypto assets in Europe are not using them for day-to-day payments and are still flocking to fiat currency in times of crisis, a new study from the European Central Bank has found.
In the working paper, published on April 7, author Alejandro Zamora-Pérez explores two issues surrounding the rapid growth of the assets. The first concerns the “wedge” between the increasing number of people who own crypto and the limited number who use it for day-to-day payments. The second concerns
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