Australia's central bank governor calls Bitcoin a 'speculative mania'

Jeff J Mitchell / Getty Images Australia’s central bank has no plans to issue digitised Australian dollars based on blockchain technology anytime soon, RBA Governor Philip Lowe says. In a speech this morning titled “An eAUD”?, Lowe also said cryptocurrencies had emerged as another payment option, although recent price-action in the sector was fueled more by speculation. Here’s Lowe on Bitcoin: The value of Bitcoin is very volatile, the number of payments that can currently be handled is ...