Central Banker: Bitcoin Is “A Bubble, Ponzi Scheme And An Environmental Disaster”

News, Regulation | February 7, 2018 By:

Agustin Carstens, head of the Bank for International Settlements (BIS), has warned that central banks must be prepared to act against cryptocurrencies to ensure they do not become entrenched and undermine trust in central banks.

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,