Microsoft President Says Fintech Firms Should Leave Digital Currencies to Govern

[Tanimariya]

We’re not a bank and we don’t want to become a bank and we don’t want to compete with our customers who are banks," said Brad Smith.
Tech giant Microsoft Corp. President Brad Smith criticized financial technology firms attempting to issue currencies, saying governments are best suited to play this role, according to a Bloomberg report.

Speaking at a Bank for International Settlements conference on Wednesday, Smith said he is not a big fan of encouraging Microsoft to participate in the issuance of a digital currency, the report said.
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