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,

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Central Bank Cryptocurrencies Pose Stability Risk, Says Bank For International Settlements

News | March 13, 2018 By:

The Bank for International Settlements (BIS) said central banks should think hard about potential risks and spillovers before issuing their own digital currency.

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,

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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,

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