#The ‘Central Bank for Central Banks’ Disses Cryptocurrencies in New Report...!!!

in cryptocurrency •  5 months ago

The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, claims permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies.

bank-for-international-settlements-bis-cryptocurrencies-760x400.jpg
Images from Shutterstock

The bank also acknowledges the possibility of central bank issued digital currencies, which several central banks are presently exploring...Click here to know the details story

AUTHOR

Lester Coleman

Please visit my blog: @nixon73

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!