BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off – Featured Bitcoin News
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The Bank of International Settlements (BIS) has warned that a perceived danger of decentralized digital money is materializing. The global body for central banks claims the weaknesses in crypto that were pointed out before “have pretty much materialized” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point, you really have to face the music” The BIS said in a report published in May that nine out of 10 central banks worldwide are exploring their own digital currencies. BIS Innovation Hub announced that its Eurosystem Centre projects will explore cryptocurrency markets. Source