The Head of the Jamaican monetary administration warns crypto enthusiasts of the dangers associated with crypto.
Recently, Richard Byles, the director of the Financial Institution of Jamaica, has published a warning to those who consider using digital assets as a means to fee with. The gist of the warning was that, in his mind, cryptocurrencies are by nature not steady enough to be considered a reliable fee technique.
Additionally, the director stated that traditional fee methods are more stable due to a decreased variation of rate from day to day.
It is revealed by the director of the financial institution that these kinds of warnings will continue as time goes on.