The domestic financial markets were racked by heightened volatility following the outbreak of the COVID-19 pandemic. We saw a sharp decline in portfolio inflows in the first two months of 2020. The stock market index noted on March 19 its lowest year-to-date record since October 11, 2011.
Moreover, the intrinsic 4/6  BIS central bankers' speeches  features of crypto currencies – their inherent volatility, particularly – implies they perform poorly as far as the traditional functions of money are concerned, in turn explaining why their success is limited. Still, we should not be complacent.