The CEO of one of Asia's largest banks says bitcoin is a 'Ponzi scheme'

David Gledhill, group chief information officer at DBS, condemned bitcoin at the Singapore Fintech Festival. DBS is one of the largest banks in Asia and not the first to criticize cryptocurrency. Gledhill saidbitcoin have hidden high transaction fees and should be watched. One of Asia's largest banks has labeled bitcoin a "Ponzi scheme" riddled with hidden costs,joining a number of banks worldwide which have expressed several concerns over the cryptocurrency. Speaking to CNBC on the sidelines of...