Mexican Law Would Give Central Bank Oversight of Cryptocurrency Startups
Mexico's government is close to introducing legislation that would regulate fintech firms, including those that work with cryptocurrencies.
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.
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
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."