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 said bitcoin has hidden high transaction fees and should be watched.
Get the latest Bitcoin price here.>>
Read the original article on Business Insider Singapore. Copyright 2017. Follow Business Insider Singapore on Twitter.
Published November 22, 2017
Join the discussion — please keep to our Community Guidelines.