Cryptocurrencies: 2762 / Markets: 20242 Market Cap: 24h Vol:
2019-12-06 16:12:17

BIS Fears Central Banks May Lose Relevance to Private Cryptos

For Agustin Carstens, head of the Bank of International Settlements (BIS), central banks cannot concede their roles as gatekeepers of the global financial system to private cryptos. Meanwhile, authorities in the U.S. say no plans exist to create a digital U.S. dollar (USD) despite reports of some major nations looking to float their own sovereign digital currencies. Private Cryptos Shouldn’t Replace Banks In a speech delivered at Princeton University, Carstens argued that private cryptos shouldn’tRead MoreThe post BIS Fears Central Banks May Lose Relevance to Private Cryptos appeared first on

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer