“What is common to most definitions in the literature is that money is defined based on what it does and not what it is.”Furthermore:
“Grym argues that all the transactions on a blockchain network are stored in centralised ledger. The fact that all within the system have a copy of the ledger and can add to it is irrelevant – these are all copies of a single ledger. Furthermore, he argues, blockchain rewards are no different to banks being ‘rewarded’ for processing payments.”See the full article for yourself, here. Grym really does seem to be against the idea of cryptocurrencies and thus we can probably assume that going forward, The Bank of Finland will make way towards banning cryptocurrencies ‘to protect their customers’. Though if this happens, they will see a great deal of resistance from the rest of Europe, so perhaps it isn’t all over just yet?