BIS ChiefWorries about a “Systemic Threat” Of Cryptocurrencies

BIS ChiefWarns Against a "Systemic Threat" Of Cryptocurrencies,

BIS ChiefFears from a "Systemic Threat" Of Cryptocurrencies, Urges "Pre-emptive regulation" From Authorities "If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat… " The Chief of the Bank for International Settlements (BIS) has slated bitcoin as a "combination of a bubble, a Ponzi scheme and an environmental disaster."   Augustin Carstens inquired Tuesday the sustainability of bitcoin and other cryptocurrencies and encouraged respective authorities had a duty to shut down on the monetary system

 

 

Related Reading:

Code 866828633894 

  1. http://jfame.com/blogs/17661/85752
  2. http://jfame.com/blogs/17661/85748
  3. http://jfame.com/blogs/17661/85747