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Finance Ministers Speak Out on Economic Role of Crypto

Published 06/07/2021, 09:45 AM
Updated 06/07/2021, 12:00 PM
Finance Ministers Speak Out on Economic Role of Crypto

  • Norway and Iran ministers spoke about the economic role of crypto.
  • Norway minister believes a ‘breakthrough’ will make crypto more stable.
  • Iran credits crypto with helping the country grow its revenue.

World governments are starting to acknowledge that cryptocurrency is more than a passing fad. Specifically, Norway and Iran finance ministers shared their perspectives regarding the role of cryptocurrencies.

Both the Norwegian and Iranian ministers acknowledged that cryptocurrencies have the potential to transform the financial landscape in the long term. However, the two differed on the role cryptos play in the short term.

Crypto ‘breakthrough’ imminent

On one hand, Norwegian finance minister, Jan Tore Sanner believes “cryptocurrencies will at some point move past the volatility for which they’re currently known.” Nonetheless, the top-ranking minister sees the value of crypto in the long term and not th...

This article was first published on coinquora.com

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