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18 January 2021

Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor | News Bitcoin News

Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor | News Bitcoin News


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Pablo Agnese, an economics professor and lecturer in the Department of Economic and Business Organization at the Universitat Internacional de Catalunya in Barcelona (UIC Barcelona), told Europa Press in an interview that young people could lead cryptocurrencies to even stronger mainstream adoption.

On the “obsolescence of central banks,” Agnese says that, together with central banking, it has managed to form a “powerful legal monopoly” that cryptocurrencies have called into question.

However, the economics professor clarifies that this does not imply that both parties cannot coexist.

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