Cryptocurrencies Will Never Replace Money, Says Bank Of International Settlements

News | June 18, 2018 By:

The Bank for International Settlements (BIS) claims that cryptocurrencies are afflicted with inherent contradictions that make their widespread use as money impossible.

The BIS is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks.” It carries out its work through its meetings,


Cryptocurrencies Need To Be More Closely Regulated, Says European Central Bank Executive

News, Regulation | February 9, 2018 By:

Yves Mersch, European Central Bank (ECB) executive board director, said that cryptocurrencies and the companies that trade them need to be more closely regulated.

In an interview with Bloomberg, Mersch said that regulators had previously been willing to largely ignore cryptocurrencies, but since the hype accelerated at the end of last year,