World Bank chief compares cryptocurrencies to 'Ponzi schemes'

Cryptocurrencies prices have fallen in 2018

Tom Eckett
clock • 2 min read

Jim Yong Kim, head of the World Bank, has become the latest financial voice to question the legitimacy of cryptocurrencies such as Bitcoin by comparing them to "Ponzi schemes".

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot