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RSS FeedsSA Central Bank Comes Up With Another Nickname for Cryptos - `Cyber Tokens`
(World News Russia)

 
 

26 may 2018 12:00:36

 
SA Central Bank Comes Up With Another Nickname for Cryptos - `Cyber Tokens`
(World News Russia)
 


Cryptocurrencies donīt meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. Itīs one that does not imply either currency or cryptography. `We prefer to use the word `cyber-tokenī,` said a high-ranking official of the central bank in Pretoria, adding another item into a long list of substitutes favored by financial authorities over the original term. Also read: The Government Dilemma: How To Tax Something One Pretends Does Not Exist Cyber Tokens - But Why? Itīs not unusual for officials around the world to refrain from uttering the word. For many of them, `cryptocurrency` probably sounds like a bad omen. Central...


 
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