From ‘Ponzi’ To ‘We’re Working On It’ – BIS Chief Reverses Stance On Crypto
The BIS is in the process of helping banks launch digital currencies, contradicting previous statements Go to Source Powered by WPeMatico
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BIS: Facebook’s Foray into Cryptocurrency Poses New Risks for Banks
The Bank of International Settlements warns that financial services offered by big techs such as Facebook, Google and Amazon could create new risks for the banking sector Go to Source Powered by WPeMatico
Bank for International Settlements Exec Advises Against Central Bank Digital Currencies
Agustin Carstens, general manager at the Bank for International Settlements, gave a warning against the issuance of central bank digital currencies during a speech Go to Source Powered by WPeMatico
Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee
BIS-backed global banking authority the Basel Committee has issued a sceptical statement on crypto assets, saying they’re “unsafe to rely on” as money Go to Source Powered by WPeMatico
BIS Report Questions Longevity, Efficacy of Proof-of-Work Based Cryptocurrencies
The future viability of Bitcoin’s use of the proof-of-work consensus has been called into question by a report from the Bank of International Settlements Go to Source Powered by WPeMatico
Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work
Bitcoin’s problems are only solvable by departing from proof-of-work, according to research conducted by the Bank for International Settlements Go to Source Powered by WPeMatico
BIS: 70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans
A new report from the Bank for International Settlements has found that 70 percent of central banks are conducting research into central bank digital currencies Go to Source Powered by WPeMatico
European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis’
An Executive Board member of the European Central Bank considers Bitcoin to be the “evil spawn of the [2008] financial crisis” Go to Source Powered by WPeMatico
Regulations Roundup: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets Seized
In recent regulatory news, a report published by Diar has found that U.S. government agencies have paid approximately $5.7 million USD to blockchain analysis contractors, India’s Enforcement Directorate has seized $5.9 Million worth of assets linked to the case of Amit Bhardwaj, and the Bank of International Settlements finds cryptocurrencies to “not, at this point, … Read more
BIS Report Finds Strong Link Between Crypto Prices and Regulators’ Actions
A new report from the Bank for International Settlements has shown a strong correlation between crypto prices and news of regulators’ interventions Go to Source Powered by WPeMatico
