The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."
Agustín Carstens, general manager of the Bank for International Settlements, made strong comments again on cryptocurrency.
Noted economist Nouriel Roubini resumed his criticism of cryptocurrencies on Twitter Tuesday, calling the tech's enthusiasts "crypto-crazies."
The head of the Bank for International Settlements has blasted bitcoin as "a bubble," "a Ponzi scheme" and an "environmental disaster."
Mexico's government is close to introducing legislation that would regulate fintech firms, including those that work with cryptocurrencies.
The highest-ranking official at Banco de Mexico has stated that the central bank is unlikely to classify bitcoin as a currency.