Bitcoin Won't Cause Lehman-Style Meltdown, Says MAS Fintech Chief

Bitcoin Won’t Cause Lehman-Style Meltdown, Says MAS Fintech Chief

The fintech chief at the Monetary Authority of Singapore (MAS), the country’s de facto central bank, has said that bitcoin is unlikely to cause a global financial meltdown similar to the Lehman Brothers bankruptcy in 2008. Speaking in an interview with Channel News Asia , MAS chief fintech officer Sopnendu Mohanty said that he does not foresee a bitcoin price collapse triggering a major financial crash, adding there are indications that global regulators are "getting serious" about the cryptocurrency market. Mohanty said: "We know exactly when to intervene, based on the market size and the demand and transaction volume, […]

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