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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
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
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
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
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
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
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
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
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
The Bank for International Settlements is not a fan of cryptocurrencies, and it hasn’t shied away from expressing its view. Having released a scathing report on why cryptos are a poor substitute for the institutional backing of money less than two weeks ago, the bank’s general manager was at it again, this time calling cryptos … Read more
